• The New Industrial State.

The New Industrial State.


Item Number: 1499

Boston, Houghton Mifflin Company, 1967.

First edition. Octavo, original brown cloth with titles to spine in black and silver. Fine in a near fine dust jacket that shows only the lightest of wear. Signed by the author. A very sharp copy 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.

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