First Edition of John Kenneth Galbraith's The New Industrial State; Inscribed by Him
The New Industrial State.
Galbraith, John Kenneth.$600.00
Item Number: 91437
Boston: Houghton Mifflin Company, 1967.
First edition of this Galbraith landmark work. Octavo, original brown cloth. Presentation copy, inscribed by the author on the front free endpaper, “For Larry Owens from John Kenneth Galbraith.” Fine in a near fine dust jacket that shows only the lightest of wear.
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.