The Scotch

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McClelland & Stewart, 2002 - Biography & Autobiography - 151 pages
In 1908, in Dunwich Township, a patch of rural southern Ontario that was more Scottish than much of Scotland, the renowned economist and public servant John Kenneth Galbraith was born. In 1963, Galbraith wrote "The Scotch, " a memoir of the tight (in every sense) community in which he was raised.
Galbraith tells how the men were distinguished by the amount of land they’d accumulated, how hard they worked, how hard they drank, but mainly by how frugal they were. It was said that Codfish John McKillop was so economical that when he died and was being lowered into his grave, he lifted the cover of his coffin and handed out his clothes. Educated himself first at the one-room Willey School, where team sports were held to be “bad for a youngster,” and later at Dutton High School under the aegis of an incompetent teacher who believed in learning through terror, Galbraith raced through the early grades and left for the Ontario Agricultural College, en route, eventually, to Harvard. He may have left the community, but, it’s clear from this affectionate, if pointed, portrait, it never left him.

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About the author (2002)

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.