American Capitalism

The Concept of Countervailing Power

Business & Finance, Economics, International
Cover of the book American Capitalism by John Galbraith, Taylor and Francis
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Author: John Galbraith ISBN: 9781351532860
Publisher: Taylor and Francis Publication: July 5, 2017
Imprint: Routledge Language: English
Author: John Galbraith
ISBN: 9781351532860
Publisher: Taylor and Francis
Publication: July 5, 2017
Imprint: Routledge
Language: English

In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.

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In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.

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