The New Industrial State

Front Cover
Princeton University Press, 2007 - Business & Economics - 518 pages
2 Reviews

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.


First published in 1967, The New Industrial State continues to resonate today.

 

What people are saying - Write a review

LibraryThing Review

User Review  - HadriantheBlind - LibraryThing

I would go so far as to say that this is the sort of book that makes understanding modern economics possible. Give it a shot. It's not your ordinary economics book. Read full review

Selected pages

Contents

General Editors Introduction
ix
Foreword
xi
Acknowledgments
xxv
Introduction to the Fourth Edition
xxvii
Change and the Planning System
1
The Imperatives of Technology
13
The Nature of Industrial Planning
25
Planning and the Supply of Capital
42
The Management of Specific Demand
245
The Revised Sequence
263
The Regulation of Aggregate Demand
273
The Nature of Employment and Unemployment
289
The Control of the WagePrice Spiral
305
The Planning System and the Union I
322
The Planning System and the Union II
337
The Educational and Scientific Estate
347

Capital and Power
56
The Technostructure
73
The Corporation
89
The Entrepreneur and the Technostructure
108
A Digression on the Firm under Socialism
123
The Approved Contradiction
138
The General Theory of Motivation
162
Motivation in Perspective
176
Motivation and the Technostructure
186
The Principle of Consistency
199
The Goals of the Planning System
207
Prices in the Planning System
223
Prices in the Planning System Continued
235
The Planning System and the State I
365
The Planning System and the State II
377
A Further Summary
390
The Planning System and the Arms Race
398
The Further Dimensions
419
The Planning Lacunae
432
Of Toil
443
Education and Emancipation
452
The Political Lead
462
The Future of the Planning System
473
An Addendum on Economic Method and the Nature of Social Argument
489
Index
503
Copyright

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

About the author (2007)

John Kenneth Galbraith (1908-2006) was an eminent economist, the author of thirty-one books, and a member of four U.S. presidential administrations. He served as U.S. ambassador to India and president of the American Academy of Arts and Letters. At the time of his death, he was Paul M. Warburg Professor of Economics Emeritus at Harvard University.

Bibliographic information