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In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.
Introduction to the Transaction Edition I. The Insecunty of Illusion II. The Foundations of the Faith III. The Problem of Power IV. The Abandonment of the Model V. The Ogre of Economic Power VI. The Depression Psychosis VII. The Economics of Technical Development VIII. The Unseemly Economics of Opulence IX. The Theory of Countervailing Power X. Countervailing Power and the State XI. The Case of Agriculture XII. The Role of Decentralized Decision XIII. The Role of Centralized Decision XIV. The Problem of Restraint Index
Posted April 29, 2009
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