Economics and the public purpose/

By:

Galbraith, John Kenneth

Material type: Text

TextPublication details: Boston: Houghton Mifflin, 1973.Description: xvi, 334 pISBN:

0395172063
0395178940 (pbk.)

Subject(s):

DDC classification:

338.973 GAL

LOC classification:

HC106.6 .G344

Summary: The book seeks to bring the market sector of the economy and therewith the whole economic system into focus. Galbraith advocates a "new socialism" as the solution, nationalising military production and public services such as health care. He also advocates introducing disciplined wage, salary, profit and price controls on the economy to reduce inequality and restrain the power of giant corporations. Socialisation of the "unduly weak industries and unduly strong ones" together with planning for the remainder would allow the public interest to be accorded its rightful preference, argues Galbraith, over private interests. He adds that this can only be achieved when there is a new belief system that rejects the orthodoxy of economics in the past. The new socialism needs to be achieved through gradual democratic political change.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Barcode
Monograph & others	CBN HQ Library General Stacks		338.973 GAL (Browse shelf(Opens below))	c.1	Available	31008100093927
Monograph & others	CBN IBADAN BRANCH LIBRARY General Stacks		338.973 GAL (Browse shelf(Opens below))	c.1	Available	31008100678057
Monograph & others	CBN IBADAN BRANCH LIBRARY General Stacks		338.973 GAL (Browse shelf(Opens below))	c.2	Available	31008100678040
Monograph & others	CBN KANO BRANCH LIBRARY General Stacks	Non-fiction	338.973 GAL (Browse shelf(Opens below))	c.1	Available	31008101194997

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Previous	338.967 WOR Adjustment in Africa :	338.973 The economics and politics of regulation :	338.973 GAL Economics and the public purpose/	338.973 GAL Economics and the public purpose/	338.973 OUC The M-form society :	338.973 SHE The making of economic policy :	338.974 ANE Recession, the western economies, and the changing world order /	Next

Includes bibliographical references.

The book seeks to bring the market sector of the economy and therewith the whole economic system into focus. Galbraith advocates a "new socialism" as the solution, nationalising military production and public services such as health care. He also advocates introducing disciplined wage, salary, profit and price controls on the economy to reduce inequality and restrain the power of giant corporations. Socialisation of the "unduly weak industries and unduly strong ones" together with planning for the remainder would allow the public interest to be accorded its rightful preference, argues Galbraith, over private interests. He adds that this can only be achieved when there is a new belief system that rejects the orthodoxy of economics in the past. The new socialism needs to be achieved through gradual democratic political change.

rpm 13/06/2017

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