The Economics of Innocent Fraud: Truth For Our Time (Google eBook)

Front Cover
Houghton Mifflin Harcourt, Apr 26, 2004 - Business & Economics - 80 pages
14 Reviews
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.

What people are saying - Write a review

User ratings

5 stars
4 stars
3 stars
2 stars
1 star

Review: The Economics of Innocent Fraud: Truth for Our Time

User 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 Time

User 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

Related books


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
IX The Elegant Escape from Reality
X The End to Corporate Innocence
XI Foreign and Military Policy
XII The Last Word
Back Flap
Back Cover

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

References from web pages

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 ... static/ cs/ uk/ 0/ minisites/ happybirthdaypenguin/ html/ 26.html

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. ... PM.qst?a=o& se=gglsc& d=5009094851

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 ... theeconomicsofinnocent.php

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. ... blog/ 2007/ 04/ 15/ id-51

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 ... 2007/ 02/ 22/ galbraith-and-the-economics-of-innocent-fraud/

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 ... hub/ The_Economics_of_Innocent_Fraud

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 ... catalog/ titledetail.cfm?titleNumber=682041

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 ... world/ 2004/ jul/ 15/ usa.iraq

The Actuary
The Actuary magazine has been providing in-depth, authoritative coverage of all things actuarial for over 17 years 693756

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, doc/ 1G1-130930386.html

About the author (2004)

John Kenneth Galbraith (1908-2006) was a critically acclaimed author and one of America's foremost economists. His most famous works include The Affluent Society, The Good Society, and The Great Crash. Galbraith was the receipient of the Order of Canada and the Robert F. Kennedy Book Award for Lifetime Achievement, and he was twice awarded the Presidential Medal of Freedom.

Bibliographic information