The New Industrial State / Edition 1

by John Kenneth Galbraith, Sean Wilentz, James K. Galbraith

Overview

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.


First published in 1967, The New Industrial State continues to resonate today.

Product Details

ISBN-13:	9780691131412
Publisher:	Princeton University Press
Publication date:	04/29/2007
Series:	The James Madison Library in American Politics , #2
Edition description:	With a New foreword by James K. Galbraith
Pages:	576
Product dimensions:	5.00(w) x 8.00(h) x (d)

About the Author

John Kenneth Galbraith (1908-2006) was an eminent economist, the author of thirty-one books, and a member of four U.S. presidential administrations. He served as U.S. ambassador to India and president of the American Academy of Arts and Letters. At the time of his death, he was Paul M. Warburg Professor of Economics Emeritus at Harvard University.

Table of Contents

General Editor's Introduction ix

Foreword by James K. Galbraith xi

Acknowledgments xxv

Introduction to the Fourth Edition xxvii

Chapter 1: Change and the Planning System 1

Chapter 2: The Imperatives of Technology 13

Chapter 3: The Nature of Industrial Planning 25

Chapter 4: Planning and the Supply of Capital 42

Chapter 5: Capital and Power 56

Chapter 6: The Technostructure 73

Chapter 7: The Corporation 89

Chapter 8: The Entrepreneur and the Technostructure 108

Chapter 9: A Digression on the Firm under Socialism 123

Chapter 10: The Approved Contradiction 138

Chapter 11: The General Theory of Motivation 162

Chapter 12: Motivation in Perspective 176

Chapter 13: Motivation and the Technostructure 186

Chapter 14: The Principle of Consistency 199

Chapter 15: The Goals of the Planning System 207

Chapter 16: Prices in the Planning System 223

Chapter 17: Prices in the Planning System (Continued) 235

Chapter 18: The Management of Specific Demand 245

Chapter 19: The Revised Sequence 263

Chapter 20: The Regulation of Aggregate Demand 273

Chapter 21: The Nature of Employment and Unemployment 289

Chapter 22: The Control of the Wage-Price Spiral 305

Chapter 23: The Planning System and the Union I 322

Chapter 24: The Planning System and the Union II 337

Chapter 25: The Educational and Scientific Estate 347

Chapter 26: The Planning System and the State I 365

Chapter 27: The Planning System and the State II 377

Chapter 28: A Further Summary 390

Chapter 29: The Planning System and the Arms Race 398

Chapter 30: The Further Dimensions 419

Chapter 31: The Planning Lacunae 432

Chapter 32: Of Toil 443

Chapter 33: Education and Emancipation 452

Chapter 34: The Political Lead 462

Chapter 35: The Future of the Planning System 473

An Addendum on Economic Method and the Nature of Social Argument 489

Index 503

Editorial Reviews

"Praise for the original edition: "The New Industrial State deserves the widest possible attention and discussion."—-Raymond J. Saulnier, New York Times

"Praise for the original edition: "[The New Industrial State] is a dazzling work, full of brilliant epigrams, intriguing aphorisms and sardonic humor."—-Harvey H. Segal, Washington Post

"Praise for the original edition: [W]ithout a doubt one of the most provocative offerings of our time in the realm of economics."—-John McCutcheon, Chicago Tribune

From the Publisher

Praise for the original edition: [W]ithout a doubt one of the most provocative offerings of our time in the realm of economics.

Chicago Tribune - John McCutcheon

Praise for the original edition: [The New Industrial State] is a dazzling work, full of brilliant epigrams, intriguing aphorisms and sardonic humor.

Washington Post - Harvey H. Segal

Praise for the original edition: The New Industrial State deserves the widest possible attention and discussion.

New York Times - Raymond J. Saulnier

Praise for the original edition: [W]ithout a doubt one of the most provocative offerings of our time in the realm of economics.
— John McCutcheon

Chicago Tribune

Praise for the original edition: [The New Industrial State] is a dazzling work, full of brilliant epigrams, intriguing aphorisms and sardonic humor.
— Harvey H. Segal

Washington Post

Praise for the original edition: The New Industrial State deserves the widest possible attention and discussion.
— Raymond J. Saulnier

New York Times