We’ve lost a giant:
John Kenneth Galbraith, the iconoclastic economist, teacher and diplomat and an unapologetically liberal member of the political and academic establishment that he needled in prolific writings for more than half a century, died yesterday at a hospital in Cambridge, Mass. He was 97.
He lived a long and important life. As Ezra points out, his countervailing powers theory is one of the most provocative and vital notions of the modern age.