The Transformation of American Capitalism: From Competitive Market Structures to Centralized Private Sector Planning

by John R. Munkirs

Do Americans live in a planned economy? Most of us would say no. John Munkirs. however, argues that the American economy has “centralized private sector planning.” Assessing 138 major industries and 5 major market areas, the author shows how firms in a given industry are technologically, financially, and administratively interdependent. He then demonstrates how industries are both structurally and functionally interdependent and how a series of economic planning instruments evolved over the years that both allow and may even necessitate regional, national, and international private sector planning.

246 pages, Paperback

First published December 1, 1984