#8919
Mentioned in 2 episodes
The New Industrial State
Book • 1967
In 'The New Industrial State', John Kenneth Galbraith argues that large corporations have supplanted traditional market mechanisms with planned economies, using techniques like advertising and vertical integration.
He introduces the concept of the 'technostructure', a group of technical and specialized staff who make key decisions within corporations, often prioritizing stability over profit maximization.
The book explores the convergence of corporate and state interests, particularly in sectors with high technological content.
He introduces the concept of the 'technostructure', a group of technical and specialized staff who make key decisions within corporations, often prioritizing stability over profit maximization.
The book explores the convergence of corporate and state interests, particularly in sectors with high technological content.
Mentioned by
Mentioned in 2 episodes
Mentioned by Melody as an influential figure in institutional economics, known for his accessible explanations of economic concepts.
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