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The New Industrial State

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3.87  ·  Rating details ·  378 ratings  ·  22 reviews
With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create co ...more
Paperback, James Madison Library in American Politics, 518 pages
Published May 1st 2007 by Princeton University Press (first published 1967)
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3.87  · 
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 ·  378 ratings  ·  22 reviews


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peiman-mir5 rezakhani
Dec 24, 2016 rated it liked it
Shelves: فلسفه
دوستانِ گرانقدر، میتوان گفت که این کتاب شاخص ترین اثرِ <جان کنث گالبرایت> میباشد که در آن به بررسیِ مکانسیمِ کارِ شرکت هایِ غول آسا و تأثیر آنها بر جامعه پرداخته است
دوستانِ عزیز، هستهٔ ماشینِ اقتصادی در جوامعِ امروزی را تقریباً تعدادِ کمی از شرکتهایِ غول آسا تشکیل داده اند که احتمالاً این شرکتها حکومت مطلق اجتماع را نیز بدست خواهند گرفت... هرکدام از این شرکت ها گرچه به صورتِ قانونی به صدها هزار سهامدار تعلق دارد، امّا به وسیلهٔ یک بوروکراسی که به جاودان سازیِ خود می اندیشد، اداره میشوند
امر
...more
Trevor
Dec 09, 2009 rated it it was amazing
I’ve been reading a lot of books on economics lately – and like popular books on any of the sciences they have tended to start by telling me that what they are saying is the cutback, easy version of their subject for people who (like us, dear reader) haven’t the depth of knowledge needed for a fuller and more comprehensive understanding of the subject. With the hard sciences (physics, chemistry and so on) I can more or less roll with the punches on this score and am even prepared to blame myself ...more
Czarny Pies
Nov 22, 2014 rated it really liked it
Recommends it for: History Graduate students
Recommended to Czarny by: My father.
Shelves: political-theory
The New Industrial State is a great liberal pipe dream in which Galbraith argues that America has become a paradise administered by big business and big government. Galbraith's thesis was that America's large corporations were managing the economy in a highly benevolent fashion. Their control over resources and consumer wishes was such that they effectively could manage demand. Thus the era of Schumpeter's creative but destructive free market economy was over..

The role of government was to manag
...more
Erik Graff
Apr 11, 2009 rated it really liked it  ·  review of another edition
Recommends it for: Americans
Recommended to Erik by: David Schweickart
I read this enjoyable work alongside its companion volumes, American Capitalism and Economics and the Public Purpose, for the course in Capitalism, Democracy, Socialism taught under David Schweickart of Loyola University Chicago's Philosophy Department in the first semester of 1981/82. The culmination of the courss was 'a great debate' betwwen classmembers divided between the three systemic categories. Dr. Schweickart himself primarily represented the socialist camp, having promoted a form of wo ...more
Hans G.
Jan 01, 2013 rated it it was amazing
This is a superb book. It is a book, however, that has become dated. Its datedness should not dissuade potential readers. The datedness of "The New Industrial State" has only changed the books relevance and importance. When the book was first published in 1967, it accurately described how the then modern corporation functioned, its power structure, and the motivations of individuals who guided the decision making and development of the corporation.

This book should be understood to be part of a p
...more
Patrick Peterson
I read this book in High School while I was taking economics or political science.
My memories are that the book was not well written, quite dull and full of ridiculous critiques of basic economics and history.

The most ridiculous quote I remember from this book (or possibly from The Affluent Society, which I read not long afterward and may have confused with) was his statement that "that's the exception that proves the rule."

Think about that for a second.

Exceptions do NOT prove any rules. They do
...more
Sean Lynch
Jul 02, 2013 rated it really liked it
“There are agnostics who do not place their trust in God. But a deeper faith reposes trust in the market.”

This book has going for it what so many other economics texts don’t: a connection to reality. “The New Industrial Sate” is an excellent, though definitely dated, book. Galbraith examines how power in the American economy moved from land owners to capitalist entrepreneurs and finally to the technostructure in the post-WW2 economy. The entrepreneur in Galbraith is almost reduced to an impoten
...more
Andrew
The New Industrial State by John K. Galbraith, is a classic work of economics written in the decades following WWII. Galbraith was a well known economist in his time, and the New Industrial State is his seminal work. Galbraith looks at the structure of power from the point of view of the economy, at times making predictions, or forecasting, and at times critiquing the system as it was at the time of writing.

Galbraith examines a number of concepts that relate to power and the state. He examines c
...more
Maureen
Aug 09, 2008 rated it it was amazing
Recommends it for: everyone
Recommended to Maureen by: JKG
John Kenneth Galbraith gave me a copy of this book in the Atlanta airport. What happened was this: he had come to make an address at the University of Georgia shortly after the publication of The New Industrial State. The faculty member who was driving him back to the airport asked me if I wanted to join two male students in accompanying him to Atlanta. I knew a lot about Galbraith, not only because I admired his work with the Kennedy administration, but because I read the New York Times and the ...more
James
Sep 12, 2009 rated it it was ok
Shelves: economics
I read this when it was first published in 1967. As part of my freshman Honors Econ course I wrote a blistering critique of what I still consider one of the worst books I have ever read. I argued from the point of view shared by Milton Friedman and other free market thinkers that Galbraith believes in the superiority of aristocracy and in its paternalistic authority, that consumers should not be allowed choice, and that all should be determined by those with "higher minds" - never mind the choic ...more
DoctorM
Aug 07, 2011 rated it really liked it
A book from another century and another age, but one that still bears reading. JKG's account of the transformation of market capitalism into something more bureaucratised and rigid owes a great deal to both Max Weber and Joseph Schumpeter, and, despite the way that IT and finance seemed in the last thirty years to owe so much to nimble start-ups, JKG's basic premise holds: large successful entities dominate markets and want stability far more than they want innovation. "Free enterprise" is all w ...more
Alex
Feb 02, 2013 rated it it was amazing
I credit this book, which I read during a summer college internship at the Federal Reserve, with stimulating my interest in pursuing graduate studies in economics and with opening my eyes to a very different way of looking at modern market economies. Compared to the dusty texts in undergraduate economics textbooks I had been exposed to up until that time, Galbraith's prose and his fresh perspective, even in a book written decades ago, was a breath of fresh air. Contrary to the criticisms that ha ...more
Julie
Feb 11, 2010 rated it liked it
Galbraith informs us that the success of the managed economy in its core sectors from the commanding heights, will unfortunately produce more workers, than the state can find jobs for.

A pretty significant contradition.
Sandeep
Jul 13, 2013 rated it it was amazing
A detailed yet sweeping examination of the structure and operation of the modern U.S. economy. It's a refreshing change from contemporary economics writing, which, with its absurd assumptions and detachment from the messy real world, often does little more than rationalize existing injustices.
Daniel
Dec 08, 2007 rated it it was amazing
I loved this concept - at the time - so did John Kennedy and so did Galbraith but even he admitted later that all of it simply did not work.
César Tonatiuh
Jun 17, 2015 rated it really liked it  ·  review of another edition
Galbraith alumno de Keynes analiza la economía de mercado no con demostraciones matemáticas, sino con un lenguaje llano. Puso la economía al alcance del gran público.
Robert
May 14, 2008 rated it liked it
Shelves: non-fiction
It's hard to understand how such a witty person can be such a dull writer. And his business commentary hasn't stood up very well either.
Nate
May 16, 2011 rated it really liked it
For dry economic texts, JKG's books are surprisingly funny.
Mark
Aug 15, 2007 rated it liked it
The first half is great, the second half starts to repeat itself.
Ilana
May 30, 2015 added it
Was on my University reading list. Need to re-read at some point.
Alfonso Rojo Ramírez
Feb 17, 2013 rated it really liked it
Shelves: economy
Existe versión en español.
Henning Schwardt
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Apr 09, 2014
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Feb 10, 2011
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Sep 26, 2014
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Jan 23, 2012
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Dec 30, 2011
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Oct 21, 2018
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Nov 18, 2011
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John Kenneth Galbraith was a Canadian-American economist. He was a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and democratic socialism. His books on economic topics were bestsellers in the 1950s and 1960s. A prolific author, he produced four dozen books & over a 1000 articles on many subjects. Among his most famous works was his economics trilogy ...more