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A Theory of Price Control - a book by Galbraith, John Kenneth

A Theory of Price Control

The Classic Account, 1980 Edition, with a New Introduction by the Author

A Theory of Price Control( )
Author: Galbraith, John Kenneth
Publication Date:Oct 2013
Publisher:Harvard University Press
Book Format:Hardback
List Price:USD $65.00
Book Details
Detailed Subjects: Law / Commercial / General
Book Weight:0.5 Pounds
Author Biography
Galbraith, John Kenneth (Author)
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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