In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.
Table of Contents
Introduction to the Transaction EditionI. The Insecunty of IllusionII. The Foundations of the FaithIII. The Problem of PowerIV. The Abandonment of the ModelV. The Ogre of Economic PowerVI. The Depression PsychosisVII. The Economics of Technical DevelopmentVIII. The Unseemly Economics of OpulenceIX. The Theory of Countervailing PowerX. Countervailing Power and the StateXI. The Case of AgricultureXII. The Role of Decentralized DecisionXIII. The Role of Centralized DecisionXIV. The Problem of RestraintIndex