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How does JK Galbraith’s The New Industrial Estate hold up after 6 decades?
I was asked to contribute to an Italian online publication’s tribute to John Kenneth Galbraith, by answering some questions about the relevance of his major work The New Industrial State (Galbraith and Galbraith 1967) six decades later. These were my responses. Reading The New Industrial State (Galbraith and Galbraith 1967) again, six decades after it was first published, highlighted for me just how far economic theory has retreated from reality since...
Read More »How does JK Galbraith’s The New Industrial Estate hold up, six decades on?
I was asked to contribute to an Italian online publication’s tribute to John Kenneth Galbraith, by answering some questions about the relevance of his major work The New Industrial State (Galbraith and Galbraith 1967) six decades later. These were my responses. Reading The New Industrial State (Galbraith and Galbraith 1967) again, six decades after it was first published, highlighted for me just how far economic theory has retreated from reality since...
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