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The Essential Galbraith

The Essential Galbraith( )
Author: Galbraith, John Kenneth
ISBN:978-0-618-11963-9
Publication Date:Oct 2001
Publisher:HarperCollins Publishers
Imprint:Harper Business
Book Format:Paperback
List Price:USD $19.99
Book Description:

THE ESSENTIAL GALBRAITH includes key selections from the most important works of John Kenneth Galbraith, one of the most distinguished writers of our time - from THE AFFLUENT SOCIETY, the groundbreaking book in which he conined the tern "conventional wisdom," to THE GREAT CRASH, an unsurpassed account of the events that triggered America's worst economic crisis. Galbraith’s new introductions place the works in their historical moment and make clear their enduring relevance...
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Book Details
Pages:336
Detailed Subjects: Business & Economics / Economics / Theory
Business & Economics / Economics / General
Physical Dimensions (W X L X H):5.5 x 8.25 x 0.8 Inches
Book Weight:0.63 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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