Almost everyone's guide to economics, Volume 1

Front Cover
Houghton Mifflin, 1978 - Business & Economics - 162 pages
1 Review
The well-known economist progresses through a step-by-step explanation of economic principles, the effect of money and banking on the economy, and the reasons for inflation and unemployment

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Review: Almost Everyone's Guide To Economics

User Review  - Erik Graff - Goodreads

Galbraith is such an entertaining writer that I'll pick up anything by him. This book is a very general, very basic introdurction to the dismal science of economics. Read full review

Contents

What Is Economics Anyway?
1
The Economic Systems
14
What Happened to the Market?
31
Copyright

4 other sections not shown

Common terms and phrases

About the author (1978)

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.