Abstract. John Kenneth Galbraith, an influential liberal economist, best-selling author and former presidential advisor died on Saturday 29th April 2006, at Mount Aubrun Hospital in Cambridge, Massachusetts. He was 97 (Reuters, Sun Apr. 30, 2006 4:07 PM ET). Economist and social analyst, researcher and economics professor at Harvard University, Galbraith has been considered by many analysts as “the last American Institutionalist”. His work stands as testimony for an internal kneading of a man with distinguished moral and professional carriage which wholly understood the fate of an intellectual, being in society service and trying to correct its excesses, to find solutions to the problems that society encounters.

Keywords: good society; affluent society; countervailing power; public purpose; price control.