Jam,es Galbraith, son of John Kenneth Galbraith. is a professor of economics at the University of Texas.

to read the 14-page article by James Galbraith "Change of Direction" from December 6, 2012, click on

 http://www.nachdenkseiten.de/upload/pdf/transcript-ig_metall_conference_december_2012.pdf

RELATED LINK:

"Is the Whole World Going Bankrupt?", Rosa Luxemburg foundation, December 2012, 40 pp

 http://www.rosalux.de/fileadmin/rls_uploads/pdfs/Argumente/lux_argu_Staatsschulden_engl_Dez12.pdf