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The Great Crash 1929

The Great Crash 1929( )
Author: Galbraith, John Kenneth
Introduction by: Galbraith, James K.
ISBN:978-0-241-46808-1
Publication Date:Aug 2021
Publisher:Penguin Books, Limited
Book Format:Paperback
List Price:AUD $22.99
Book Description:

No account of the financial insanity of 1929 has been issued in a form at once so readable, so humorous, and so carefully authenticated as this classic book. J.K. Galbraith examines the 'gold rush fantasy' in American psychology and describes its dire consequences. The Florida land boom, the operations of Insull, Kreuger and Hatry, and the fabulous Shenandoah Corporation all come together in this penetrating study of concerted human greed and folly. From the cold figures of Wall Street...
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Book Details
Pages:208
Detailed Subjects: Business & Economics / Economics / General
Physical Dimensions (W X L X H):13 x 19.7 x 1.2 cm
Book Weight:0.162 Kilograms
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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