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Loading... Economics and the Public Purpose (1973)by John Kenneth Galbraith
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Criticism of the present economic system of the USA and proposals for comprehensive economic policy reform - covers the general economic theory of advanced economic development, consumption, and the concept of the household, the market system in relation to the service sector and the self employed, economic planning, price policy, inflation, income distribution, fiscal policy, the environment, technological change, the role of women, etc. No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)338.973Social sciences Economics Production Economic Development And Growth North America United StatesLC ClassificationRatingAverage:
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Galbraith proposes that what he calls the neoclassical analysis of the economy with its focus on the market which is controlled by consumer demand and cost of production is hopelessly inadequate. This analysis ignores the power of very large corporations to control demand and price through planning. Galbraith sees two economic systems working side by side: the planning system (large corporations) and the normal (from neoclassical point of view) market system. The government is more easily melded with the planning system to the advantage of the planning system and the market is left to its own devices. This results in an abundance of relatively lesser needed products where the market supplies an inadequate supply of other products more useful to the public.
Beyond this I dare not go, but I am not sure I can articulate accurately. ( )