000			01739cam a2200301 4500
008			730518s1973 mau b 001 0 eng
020			_a0395172063 _a0395178940 (pbk.)
040			_aDLC _cDLC
050	0	0	_aHC106.6 _b.G344
082	0	0	_a338.973 _bGAL
100	1		_aGalbraith, John Kenneth,
245	1	0	_aEconomics and the public purpose/
260			_aBoston: _bHoughton Mifflin, _c1973.
300			_axvi, 334 p.:
504			_aIncludes bibliographical references.
520			_aThe 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.
590			_arpm 13/06/2017
591			_aLoans
650		0	_aCorporations
650		0	_aCorporations -- United States.
650		0	_aIndustrial policy
650		0	_aIndustry and state -- United States.
650		0	_aUnited States -- Economic conditions -- 1961-
650		0	_aUnited States -- Economic policy -- 1961-
651		0	_aUnited States
942			_2ddc _cBOOK
949			_a338.973 GAL
999			_c5666 _d5666