The New Industrial State

John Kenneth Galbraith

Published by Princeton University Press 2007

The New Industrial State

John Kenneth Galbraith
With contributions by: Sean Wilentz
Preface by: James K. Galbraith

Volume 2 in the series The James Madison Library in American Politics

https://doi.org/10.1515/9781400873180

Overview
Contents

About this book

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.

First published in 1967, The New Industrial State continues to resonate today.

Author / Editor information

John Kenneth Galbraith (1908-2006) was an eminent economist, the author of thirty-one books, and a member of four U.S. presidential administrations. He served as U.S. ambassador to India and president of the American Academy of Arts and Letters. At the time of his death, he was Paul M. Warburg Professor of Economics Emeritus at Harvard University.

Reviews

"Praise for the original edition: "[The New Industrial State] is a dazzling work, full of brilliant epigrams, intriguing aphorisms and sardonic humor.""---Harvey H. Segal, Washington Post

"Praise for the original edition: "The New Industrial State deserves the widest possible attention and discussion.""---Raymond J. Saulnier, New York Times

"Praise for the original edition: "[W]ithout a doubt one of the most provocative offerings of our time in the realm of economics.""---John McCutcheon, Chicago Tribune

Topics

Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	vii
General Editor’s Introduction Publicly Available Download PDF	ix
Foreword James K. Galbraith Publicly Available Download PDF	xi
Acknowledgments Publicly Available Download PDF	xxv
Introduction to the Fourth Edition: On the Perils and Rewards of Economic Dissonance Publicly Available Download PDF	xxvii
1. Change and the Planning System Requires Authentication Unlicensed Licensed Download PDF	1
2. The Imperatives of Technology Requires Authentication Unlicensed Licensed Download PDF	13
3. The Nature of Industrial Planning Requires Authentication Unlicensed Licensed Download PDF	25
4. Planning and the Supply of Capital Requires Authentication Unlicensed Licensed Download PDF	42
5. Capital and Power Requires Authentication Unlicensed Licensed Download PDF	56
6. The Technostructure Requires Authentication Unlicensed Licensed Download PDF	73
7. The Corporation Requires Authentication Unlicensed Licensed Download PDF	89
8. The Entrepreneur and the Technostructure Requires Authentication Unlicensed Licensed Download PDF	108
9. A Digression on the Firm under Socialism Requires Authentication Unlicensed Licensed Download PDF	123
10. The Approved Contradiction Requires Authentication Unlicensed Licensed Download PDF	138
11. The General Theory of Motivation Requires Authentication Unlicensed Licensed Download PDF	162
12. Motivation in Perspective Requires Authentication Unlicensed Licensed Download PDF	176
13. Motivation and the Technostructure Requires Authentication Unlicensed Licensed Download PDF	186
14. The Principle of Consistency Requires Authentication Unlicensed Licensed Download PDF	199
15. The Goals of the Planning System Requires Authentication Unlicensed Licensed Download PDF	207
16. Prices in the Planning System Requires Authentication Unlicensed Licensed Download PDF	223
17. Prices in the Planning System (Continued) Requires Authentication Unlicensed Licensed Download PDF	235
18. The Management of Specific Demand Requires Authentication Unlicensed Licensed Download PDF	245
19. The Revised Sequence Requires Authentication Unlicensed Licensed Download PDF	263
20. The Regulation of Aggregate Demand Requires Authentication Unlicensed Licensed Download PDF	273
21. The Nature of Employment and Unemployment Requires Authentication Unlicensed Licensed Download PDF	289
22. The Control of the Wage-Price Spiral Requires Authentication Unlicensed Licensed Download PDF	305
23. The Planning System and the Union I Requires Authentication Unlicensed Licensed Download PDF	322
24. The Planning System and the Union II The Ministerial Union Requires Authentication Unlicensed Licensed Download PDF	337
25. The Educational and Scientific Estate Requires Authentication Unlicensed Licensed Download PDF	347
26. The Planning System and the State I Requires Authentication Unlicensed Licensed Download PDF	365
27. The Planning System and the State II Requires Authentication Unlicensed Licensed Download PDF	377
28. A Further Summary Requires Authentication Unlicensed Licensed Download PDF	390
29. The Planning System and the Arms Race Requires Authentication Unlicensed Licensed Download PDF	398
30. The Further Dimensions Requires Authentication Unlicensed Licensed Download PDF	419
31. The Planning Lacunae Requires Authentication Unlicensed Licensed Download PDF	432
32. Of Toil Requires Authentication Unlicensed Licensed Download PDF	443
33. Education and Emancipation Requires Authentication Unlicensed Licensed Download PDF	452
34. The Political Lead Requires Authentication Unlicensed Licensed Download PDF	462
35. The Future of the Planning System Requires Authentication Unlicensed Licensed Download PDF	473
An Addendum on Economic Method and the Nature of Social Argument Requires Authentication Unlicensed Licensed Download PDF	489
Index Requires Authentication Unlicensed Licensed Download PDF	503