GALBRAITH, John Kenneth.
American Capitalism: The Concept of Countervailing Power.
First Edition of John Kenneth Galbraith's American Capitalism
Boston: Houghton Mifflin Company, 1952.
* Custom Clamshell Boxes are hand made by the Harcourt Bindery upon request and take approximately 60 days to complete
First edition of the economist's second book and breakthrough work. Octavo, original blue boards. Fine in a very good price-clipped dust jacket. Jack design by Barbara Hobbs. Ownership stamp from John Hancock Mutual Life Insurance Company to the front free endpaper.
Galbraith's ideas often addressed the influence of the potential market power of large corporations (Dunn and Pressman, 2005). He believed that corporations could become price makers, rather than price takers, by weakening the accepted principle of consumer sovereignty (Galbraith, 1970). This, in turn, allowed corporations to efficiently increase the production of their goods if they could achieve the strongest market power.
American Capitalism: The Concept of Countervailing Power.
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