First Edition of John Kenneth Galbraith's The New Industrial State; Signed by Him
The New Industrial State.
Galbraith, John Kenneth.$550.00
Item Number: 1499
Boston: Houghton Mifflin Company, 1967.
First edition of this Galbraith landmark work. Octavo, original brown cloth. Signed by John Kenneth Galbraith on the front free endpaper. Fine in a near fine dust jacket that shows only the lightest of wear. A very sharp example of this economic highspot.
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.