James Galbraith, the son of John Kenneth Galbraith, is a professor of economics at the University of Texas.
to read his 14-page pdf article "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