Signed First Edition of the Ambassadors Journal; From the Library of Economist Peter L. Bernstein
GALBRAITH, John Kenneth (Peter L. Bernstein).
Item Number: 358
Boston: Houghton Mifflin Company, 1969.
First edition of Galbraith’s autobiography of his time as Ambassador to India. Octavo, original cloth. From the library of economist Peter L. Bernstein with his signature. Also, signed by the author John Kenneth Galbraith. In near fine condition.
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.