Abstract
Galbraith argues that, in consequence of an out-of-date and unhealthy belief system, ‘we do many things that are unnecessary, some that are unwise, and a few that are insane’.1 He also argues that if we are to defeat that system, we must first identify those groups in modern society which have a vested interest in its propagation, diffusion and perpetuation.
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The Vested Interest
See C. G. Leathers and J. S. Evans, ‘Thorstein Veblen and the New Industrial State’, History of Political Economy, 1973.
R. Solow, ‘Son of Affluence’, The Public Interest, Fall 1967, pp. 100–1.
P. A. Samuelson, ‘Galbraith’, Newsweek, 3 July 1967, p. 53.
C. Bliss, ‘Galbraith on the New Capitalism’, New Blackfriars, 1968, p. 312.
H. G. Johnson, ‘A Modern Tawney’, The Spectator, 19 September 1958, p. 381.
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© 1980 David Reisman
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Reisman, D. (1980). The Vested Interest. In: Galbraith and Market Capitalism. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04952-3_8
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DOI: https://doi.org/10.1007/978-1-349-04952-3_8
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