Tuesday, July 23, 2013

Galbraith on the myth of consumer sovereignty and Big Corporations



From the old, but still essential, The Age of Uncertainty by John Kenneth Galbraith. The myth of consumer sovereignty, created by Paul Samuelson, unmasked and the fact that mainstream economics (as all economic education) is there to protect Big Corporations made clear by Galbraith.

1 comment:

  1. "The Age of Uncertainty" is the antidote to "Free to Choose". Would you recommend Richard Parker's "John Kenneth Galbraith : his life, his politics, his economics"

    On a related note, here's another reason I am ambivalent towards Krugman: http://www.pkarchive.org/cranks/GalbraithGoodSociety.html

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