American Capitalism: The Concept of Countervailing Power.
American Capitalism: The Concept of Countervailing Power.
GALBRAITH, John Kenneth.
Item Number: 1926
Boston: Houghton Mifflin Company, 1952.
First edition of the economist’s second book and breakthrough work. Octavo, original blue boards. Fine in a very good dust jacket with light wear.
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.
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