The Economics of Innocent Fraud: Truth for Our Time

by JohnKennethGalbraith (Author)

• Used

  Hardcover
  2004

  $10.14

  The primary aspect of the fraud of the American economy that Galbraith (emeritus, economics, Harvard U.) criticizes is the false pretense of shareholder control over corporations, when in fact all real power has shifted to corporate managers. Contradicting conventional wisdom, or approved belief in his words, he denies the distinction between t

• Used

  Paperback
  2005

  $3.59

  In May 2005 Penguin will publish 70 unique titles to celebrate the company's 70th birthday. The titles in the Pocket Penguins series are emblematic of the renowned breadth of quality of the Penguin list and will hark back to Penguin founder Allen Lane's vision of good books for all'. A lifelong critic of unbridled corporate power and the most widely read economist of the twentieth century, the admired Harvard professor J. K. Galbraith has been published by Penguin for more than forty years. His latest book The Economics of Innocent Fraud is a vigorous polemic that reveals the private sector's control over public life in today's society, and considers our increasing tendency to blindly accept legal, legitimate, innocent' fraud.

• Used

  Hardcover
  2004

  $3.77

  John Kenneth Galbraith, lifelong critic of unbridled corporate power and one of the most renowned economists of the twentieth century, delivers a scathing polemic on today?s economics, politics and public morality. Sounding the alarm on the gap between ?conventional wisdom? and reality, Galbraith distils years of expertise in this radical critique of our society. He shows the danger of the private sector?s unprecedented and unbridled control over public life ? from government to the military to the environment. And he reveals how politicians and the media have colluded in the myths of a benign ?market?: that big business always knows best, that minimal intervention stimulates the economy, that obscene pay gaps and unrestrained self-enrichment are an inevitable by-product of the system. The result, he shows, is that we have given ourselves over to a lie and come to accept legal, legitimate, innocent fraud. Galbraith?s analysis purports to show that the gulf between truth and illusion has never been wider. It is essential reading for anyone who cares about the economic and political future of the world.