First Edition of John Kenneth Galbraith's Economics Peace and Laughter; Signed by Him
Economics Peace and Laughter.
Galbraith, John Kenneth.$50.00
Item Number: 509
Boston: Houghton and Mifflin Company, 1971.
First edition of this collection of essays by Galbraith. Octavo, original blue cloth. Boldly signed by John Kenneth Galbraith on the front free endpaper. Fine in a near fine price-clipped dust jacket. Edited by Andrea D. Williams.
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.