The Economics of Innocent Fraud: Truth For Our Time (Google eBook)
John Kenneth Galbraith has long been at the center of American economics, in key positions of responsibility during the New Deal, World War II, and since, guiding policy and debate. His trenchant new book distills this lifetime of experience in the public and private sectors; it is a scathing critique of matters as they stand today.
Sounding the alarm about the increasing gap between reality and "conventional wisdom" -- a phrase he coined -- Galbraith tells, along with much else, how we have reached a point where the private sector has unprecedented control over the public sector. We have given ourselves over to self-serving belief and "contrived nonsense" or, more simply, fraud. This has come at the expense of the economy, effective government, and the business world.
Particularly noted is the central power of the corporation and the shift in authority from shareholders and board members to management. In an intense exercise of fraud, the pretense of shareholder power is still maintained, even with the immediate participants. In fact, because of the scale and complexity of the modern corporation, decisive power must go to management. From management and its own inevitable self-interest, power extends deeply into government -- the so-called public sector. This is particularly and dangerously the case in such matters as military policy, the environment, and, needless to say, taxation. Nevertheless, there remains the firm reference to the public sector.
How can fraud be innocent? In his inimitable style, Galbraith offers the answer. His taut, wry, and severe comment is essential reading for everyone who cares about America's future. This book is especially relevant in an election year, but it deeply concerns the much longer future.
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Review: The Economics of Innocent Fraud: Truth for Our TimeUser Review - Colin - Goodreads
More of a polemic than a thoroughly argued work on economics - this is Galbraith the economic mastodon, calling bullshit on the convenient lies, evasions and oversimplification of his profession. Read full review
Review: The Economics of Innocent Fraud: Truth for Our TimeUser Review - Gary Gregory - Goodreads
Galbraith's essay explores the essence of Man's predilection toward self-justification and self-deception in his personal and corporate pursuit of gain. Very appropriate in this era of bursting financial bubbles. Read full review
I The Nature of Innocent Fraud
II The Renaming of the System
III The Economics of Accommodation
IV The Specious World of Work
V The Corporation as Bureaucracy
VI The Corporate Power
VII The Myth of the Two Sectors
VIII The World of Finance
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The Economics of Innocent Fraud
You are here: Home > Book list > The Economics of Innocent Fraud. Picture of book jacket. The Economics of Innocent Fraud. jk Galbraith. ISBN: 0141023015 ...
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The Economics of Innocent Fraud: Truth for Our Time
The Economics of Innocent Fraud: Truth for Our Time, by John Kenneth Galbraith. Boston & New York: Houghton Mifflin Company. 2004. ...
nthposition online magazine: The economics of innocent fraud
The economics of innocent fraud: Truth for our time John Kenneth Galbraith Allen Lane, 2004 Hb, 78 pages, £10, ISBN 0713998202 ...
The Economics of Innocent Fraud, John Kenneth Galbraith, 2004 at ehb
Published April 15th, 2007 in books, non-geeky. You can read this short book in an hour, but you’ll be thinking about it for much longer. ...
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mcgee’s Musings : Galbraith and the Economics of Innocent Fraud
The Economics of Innocent Fraud: Truth for Our Time. Houghton Mifflin (April 26, 2004). Earlier this morning I was reading one of the threads over at Ask ...
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The Economics of Innocent Fraud by John Kenneth Galbraith
In this extended essay, John Kenneth Galbraith illuminates examples of "innocent fraud" or the gulf between perception and reality in the modern American ...
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The Economics of Innocent Fraud; ISBN-10: 0618013245
The Economics of Innocent Fraud. The Economics of Innocent Fraud: Truth For Our Time. by: John Kenneth Galbraith. ISBN-13/EAN: 9780618013241; $15.00 ...
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JK Galbraith: A cloud over civilisation | World news | The Guardian
This is an edited extract from The Economics of Innocent Fraud: Truth for Our Time, by JK Galbraith, published by Allen Lane. To order a copy for £8 (RRP ...
www.guardian.co.uk/ world/ 2004/ jul/ 15/ usa.iraq
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The Economics of Innocent Fraud: Truth for Our Time.(Book
The Economics of Innocent Fraud: Truth for Our Time, by John Kenneth Galbraith. Boston & New York: Houghton Mifflin Company. 2004. ISBN 0618013245,
www.encyclopedia.com/ doc/ 1G1-130930386.html