American Capitalism: The Concepts Of Countervailing Power (1952) - Paperback

by John Kenneth Galbraith (Author)

""American Capitalism: The Concepts of Countervailing Power"" is a book written by renowned economist John Kenneth Galbraith in 1952. In this book, Galbraith argues that the American economic system is not a purely capitalist one, but rather a system that is defined by a balance of power between large corporations and other institutions such as labor unions, government agencies, and consumer groups. Galbraith argues that these countervailing powers are necessary to prevent the concentration of economic power in the hands of a few large corporations. He contends that without these countervailing powers, corporations would be able to dominate the economy and exploit workers and consumers. The book provides a historical analysis of how countervailing powers have emerged and developed in the American economy, and how they have been able to maintain a balance of power with large corporations. Galbraith also discusses the role of government in regulating the economy and ensuring that countervailing powers are able to function effectively. Overall, ""American Capitalism: The Concepts of Countervailing Power"" is a seminal work in the field of economics and a must-read for anyone interested in understanding the dynamics of the American economy. It provides a nuanced and insightful analysis of the complex interplay between corporations, government, and other institutions that shape the American economic system.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.