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The New Industrial State, 2d ed. by John…
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The New Industrial State, 2d ed. (original 1967; edition 1972)

by John Kenneth Galbraith

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Member:rebeccanyc
Title:The New Industrial State, 2d ed.
Authors:John Kenneth Galbraith
Info:New American Library (1972), Paperback
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The New Industrial State by John Kenneth Galbraith (1967)

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50 years out of date Austrian economics ( )
  jhudsui | Jun 21, 2013 |
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. ( )
  HadriantheBlind | Mar 30, 2013 |
I read this when it was first published in 1967. As part of my freshman Honors Econ course I wrote a blistering critique of what I still consider one of the worst books I have ever read. I argued from the point of view shared by Milton Friedman and other free market thinkers that Galbraith believes in the superiority of aristocracy and in its paternalistic authority, that consumers should not be allowed choice, and that all should be determined by those with "higher minds" - never mind the choices of the individual consumer. Today Paul Krugman, who in ironic fashion criticized Galbraith as well, represents a similar strain in aristocratic economic thought. In this book Galbraith demonstrates the best example of an advocate of "bad" economics. ( )
1 vote jwhenderson | Mar 4, 2012 |
Remains amazingly relevant nearly 40 years after publication. ( )
  saliero | Jun 14, 2007 |
Galbraith’s influence was once strong enough to inspire Congressional hearings to discuss the implications of his book The New Industrial State (1967). Clearly that stature has waned. But Paul Samuelson was on to something when he wrote, “Ken Galbraith, like Thorstein Veblen, will be remembered and read when most of us Nobel Laureates will be buried in footnotes down in dusty library stacks.€?
  antimuzak | May 5, 2006 |
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A curiosity of modern economic life is the role of change.
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Amazon.com Product Description (ISBN 0691131414, Paperback)

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.

(retrieved from Amazon Mon, 30 Sep 2013 13:43:01 -0400)

(see all 2 descriptions)

Presents the author's economic ideas and confronts conventional economic analysis in relation to the modern world, corporations, trade unions, consumer culture, and the modern state.

(summary from another edition)

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