#14173
Mentioned in 3 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.
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Mentioned in 3 episodes
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Ashley Hodgson
114 snips
EP 296 Ashley Hodgson on Economic Mythology and System Change
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Cameron Abadi
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Heterodox Economists: John Kenneth Galbraith
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Julien Garran
The Grant Williams Podcast Ep. 109 - Julien Garran
Mentioned by Melody as an influential figure in institutional economics, known for his accessible explanations of economic concepts.
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Mentioned as John Kenneth Galbraith's return to the bestseller list in 1967, analyzing the soullessness of American corporations.
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