Professor Galbraith: Part of the problem is also the modern consumer industry.

Professor Galbraith: You know, I explored that once a good many years ago.

Placing economics in the context of history serves Professor Galbraith several useful purposes.

Still, you wish that Professor Galbraith had elaborated on a few things.

With all due respect to Professor Galbraith, that tax bill was not good for this country.

Professor Galbraith asserts that the Presidency has become "relatively unimportant."

On domestic matters, Professor Galbraith seems to be on surer ground.

"No one in the computer age was so addicted to the pen," Professor Galbraith said.

The conventional wisdom is never the property of one political party or school of thought, as Professor Galbraith stressed.

Professor Galbraith is looking in the rear-view mirror.