• The Great Crash of 1929

The Great Crash of 1929.

Item Number: 1488

Boston: Houghton Mifflin, 1955.

First edition of the author’s classic account of the crash of 1929. Octavo, original cloth. Near fine in a very good price-clipped dust jacket. Signed by the author. A much nicer copy than usually encountered and rare signed. From the library of economist Peter L. Bernstein. Housed in a custom quarter morocco clamshell box.

Galbraith's ideas often addressed the influence of the potential market power of large corporations (Dunn and Pressman, 2005). He believed that corporations could become price makers, rather than price takers, by weakening the accepted principle of consumer sovereignty (Galbraith, 1970). This, in turn, allowed corporations to efficiently increase the production of their goods if they could achieve the strongest market power.