The New Industrial State

Front Cover
Houghton-Mifflin, 1971 - Business & Economics - 423 pages
Cgange and the industrial system; The imperatives of technology; The nature of industrial planning; Planning and the supply of capital; Caoital and power; The general theory of motivation; Prices in the industrial system; The management of specific demand.

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Contents

Change and the Industrial System
1
The Imperatives of Technology
11
The Nature of Industrial Planning
21
Copyright

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About the author (1971)

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

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