Recommendations from our site
“Galbraith was looking at what had happened to the large corporation. By the 1960s, he saw it had succeeded, that Croly’s promise of American life had been achieved in many respects. The New Industrial State was more of an explanation than a call to arms. It was an explanation for how it was that the giant corporation managed to create an adequate market for its extraordinary productivity and why, as Galbraith called it, the “technostructure”, the people who were involved in planning the next innovations in goods and services, was really the centre of power in the large mid-20th century corporations. If anything, Galbraith’s book was a warning about that technostructure.” Read more...
The best books on Saving Capitalism and Democracy
Robert Reich, Economist
Our most recommended books
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A Monetary History of the United States, 1867-1960
by Anna Schwartz & Milton Friedman -
The Big Short: Inside the Doomsday Machine
by Michael Lewis -
The Passions and the Interests
by Albert Hirschman -
The Wealth and Poverty of Nations
by David S Landes -
The Worldly Philosophers
by Robert L Heilbroner -
The Race between Education and Technology
by Claudia Goldin and Lawrence F Katz
