• Economics Peace and Laughter.

Economics Peace and Laughter.

$50.00

Item Number: 509

Boston: Houghton and Mifflin, 1971.

First edition. Octavo, original blue cloth. Signed by John Kenneth Galbraith on the front free endpaper. Fine in a near fine dust jacket.

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.

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