The New Industrial State

Front Cover
Princeton University Press, Apr 29, 2015 - Business & Economics - 576 pages

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.


First published in 1967, The New Industrial State continues to resonate today.

 

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Contents

General Editors Introduction
ix
Foreword
xi
Acknowledgments
xxv
Introduction to the Fourth Edition
xxvii
1 Change and the Planning System
1
2 The Imperatives of Technology
13
3 The Nature of Industrial Planning
25
4 Planning and the Supply of Capital
42
18 The Management of Specific Demand
245
19 The Revised Sequence
263
20 The Regulation of Aggregate Demand
273
21 The Nature of Employment and Unemployment
289
22 The Control of the WagePrice Spiral
305
23 The Planning System and the Union I
322
24 The Planning System and the Union II
337
25 The Educational and Scientific Estate
347

5 Capital and Power
56
6 The Technostructure
73
7 The Corporation
89
8 The Entrepreneur and the Technostructure
108
9 A Digression on the Firm under Socialism
123
10 The Approved Contradiction
138
11 The General Theory of Motivation
162
12 Motivation in Perspective
176
13 Motivation and the Technostructure
186
14 The Principle of Consistency
199
15 The Goals of the Planning System
207
16 Prices in the Planning System
223
17 Prices in the Planning System Continued
235
26 The Planning System and the State I
365
27 The Planning System and the State II
377
28 A Further Summary
390
29 The Planning System and the Arms Race
398
30 The Further Dimensions
419
31 The Planning Lacunae
432
32 Of Toil
443
33 Education and Emancipation
452
34 The Political Lead
462
35 The Future of the Planning System
473
An Addendum on Economic Method and the Nature of Social Argument
489
Index
503
Copyright

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About the author (2015)

John Kenneth Galbraith (1908-2006) was an eminent economist, the author of thirty-one books, and a member of four U.S. presidential administrations. He served as U.S. ambassador to India and president of the American Academy of Arts and Letters. At the time of his death, he was Paul M. Warburg Professor of Economics Emeritus at Harvard University.

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