The Economics of Innocent Fraud: Truth for Our Time
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- Synopsis
- The primary aspect of the "fraud" of the American economy that Galbraith (emeritus, economics, Harvard U.) criticizes is the false pretense of shareholder control over corporations, when in fact all real power has shifted to corporate managers. Contradicting conventional wisdom, or "approved belief" in his words, he denies the distinction between the private and public sectors, describing how the managerial class has unprecedented power in the economy's public sector, including major influence over important policies of war or peace. In the end, the continuing references to an impersonal market are "a not wholly innocent fraud."
- Copyright:
- 2004
Book Details
- Book Quality:
- Excellent
- Book Size:
- 74 Pages
- ISBN-13:
- 9780618013241
- Publisher:
- Houghton Mifflin Harcourt Trade & Reference Publishers
- Date of Addition:
- 07/24/09
- Copyrighted By:
- John Kenneth Galbraith
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance, Law, Legal Issues and Ethics, Philosophy, Politics and Government, Sociology
- Submitted By:
- Daproim Africa
- Proofread By:
- Daproim Africa
- Usage Restrictions:
- This is a copyrighted book.
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