50 Years Ago an Economist Worried About Unchecked Corporate Power. Here’s What His Theory Got Wrong
Harvard Business Review
AUGUST 22, 2017
This summer marks 50 years since the publication of John Kenneth Galbraith’s The New Industrial State and its quick rise to the top of the New York Times Best Seller list. You actually don’t have to read The New Industrial State to understand its story. Thus the very foundation of The New Industrial State did not hold.
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