1st Edition

American Capitalism
The Concept of Countervailing Power





ISBN 9781560006749
Published January 30, 1993 by Routledge
220 Pages

USD $52.95

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Book Description

In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.

Table of Contents

Introduction to the Transaction Edition
I. The Insecunty of Illusion
II. The Foundations of the Faith
III. The Problem of Power
IV. The Abandonment of the Model
V. The Ogre of Economic Power
VI. The Depression Psychosis
VII. The Economics of Technical Development
VIII. The Unseemly Economics of Opulence
IX. The Theory of Countervailing Power
X. Countervailing Power and the State
XI. The Case of Agriculture
XII. The Role of Decentralized Decision
XIII. The Role of Centralized Decision
XIV. The Problem of Restraint
Index

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