Economics in Perspective: A Critical History

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Houghton Mifflin Comp., 1987 - Business & Economics - 324 pages
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Galbraith supplies a much-needed overview of the development of this ambitious and imperfect science. A lively account of the social, political, financial and industrial preoccupation of the Western world.

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Economics in perspective: a critical history

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Another classic by Galbraith. In this volume he charts the evolution of economic ideas from Greek and Roman times, demonstrating the key interaction between the economic environment and economic ideas ... Read full review


A Look at the Landscape i
n After Adam
The Enduring interim

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About the author (1987)

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.

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