Opinion: The Great Mogul

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You cherish those predictions that turn out right, even if they are predictions of disaster.

—John Kenneth Galbraith

As a popular economist and polished diplomat, a veteran lecturer and fledgling novelist, a former presidential adviser and current cynosure of the Eastern intellectual set, John Kenneth Galbraith has long been a purveyor of predictions. For two decades they have come tumbling from his typewriter and tongue in prodigious quantities, covering every topic from women to world politics. Yet there are few predictions that Galbraith cherishes more—or wishes more that he had never felt com pelled to make—than...

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