Books: Funny Money


by John Kenneth Galbraith

Houghton Mifflin

197 pages; $19.95

American economists are writers of humorous fiction, as the U.S.-budget fantasies attest, but John Kenneth Galbraith's droll, mannered novels are funny on purpose. In his first, The McLandress Dimension (1963), the Harvard professor introduced a concept that measured the time -- often a matter of milliseconds -- that public figures spend thinking of matters unrelated to themselves. The new novel, his third, explores the equally valuable IRAT, or Index of Irrational Expectations, a quantification of the collective wrongheadedness of the stock market. Harvard technocrat Montgomery Marvin, known for his...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!