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The cover of The New Industrial State

The New Industrial State

John Kenneth Galbraith

Do consumers really decide what big companies make, or do large corporations plan production first and then shape what we want?

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At a glance

Author
John Kenneth Galbraith

Why read it

  • You will see who really runs a large corporation: a technostructure of specialists, not its owners or a lone entrepreneur
  • You will question the textbook idea that consumers rule the market, seeing how firms research, design and then sell what they planned
  • You will understand why big industry leans on the state to keep demand steady, from managing the economy to the arms race

Who it is for

  • An economics student who wants a critique of textbook markets
  • A manager curious how large firms shape demand through advertising
  • A reader interested in how corporations gained power in society

Contents

  1. Dedication Page
  2. General Editor’s Introduction
  3. Foreword
  4. Introduction to the Fourth Edition:
  5. 1. Change and the Planning System
  6. 2. The Imperatives of Technology
  7. 3. The Nature of Industrial Planning
  8. 4. Planning and the Supply of Capital
  9. 5. Capital and Power
  10. 6. The Technostructure
  11. 7. The Corporation
  12. 8. The Entrepreneur and the Technostructure
  13. 9. A Digression on the Firm under Socialism
  14. 10. The Approved Contradiction
  15. 11. The General Theory of Motivation
  16. 12. Motivation in Perspective
  17. 13. Motivation and the Technostructure
  18. 14. The Principle of Consistency
  19. 15. The Goals of the Planning System
  20. 16. Prices in the Planning System
  21. 17. Prices in the Planning System (Continued)
  22. 18. The Management of Specific Demand
  23. 19. The Revised Sequence
  24. 20. The Regulation of Aggregate Demand
  25. 21. The Nature of Employment and Unemployment
  26. 22. The Control of the Wage-Price Spiral
  27. 23. The Planning System and the Union I
  28. 24. The Planning System and the Union II
  29. 25. The Educational and Scientific Estate
  30. 26. The Planning System and the State I
  31. 27. The Planning System and the State II
  32. 28. A Further Summary
  33. 29. The Planning System and the Arms Race
  34. 30. The Further Dimensions
  35. 31. The Planning Lacunae
  36. 32. Of Toil
  37. 33. Education and Emancipation
  38. 34. The Political Lead
  39. 35. The Future of the Planning System
  40. An Addendum on Economic Method and the Nature of Social Argument

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