American Capitalism; The Concept of Countervailing Power Galbraith John KennethPaperback
American Capitalism; The Concept of Countervailing Power Galbraith John KennethPaperback 2012 Reprint of 1952 Edition. This is an economics book intended for all literate Americans, but its boldness…
Specifikacia American Capitalism; The Concept of Countervailing Power Galbraith John KennethPaperback
American Capitalism; The Concept of Countervailing Power Galbraith John KennethPaperback
2012 Reprint of 1952 Edition. This is an economics book intended for all literate Americans, but its boldness and penetration and the originality of its central thesis are so marked that it was destined to become a landmark for the professional economist and general public alike. Exact facsimile of the original edition, not reproduced with Optical Recognition Software.
At the micro level, firms might merge or band together to influence the price. Galbraith highlights the role of "Countervailing Power" in dealing with market failure and outlines its operation at the micro, and at the macro levels. Individual wage earners might also combine in unions to influence wage rates.
Finally, government might intervene in the market place where required to provide regulation where countervailing power failed to develop but was nevertheless required. He concluded that Countervailing power was
The Future of Capitalism
FUTURE OF CAPITALISM THE