Economic Balance and Countervailing Power

  • James Ronald Stanfield
Part of the Contemporary Economists book series (CONTECON)


This chapter examines Galbraith’s work in the early 1950s. The books in question are a far cry from the integrated model of late democratic capitalism, the Galbraithian System, which emerges in the trilogy The Affluent Society, The New Industrial State, and Economics and the Public Purpose. But the Galbraithian vision begins to take shape in these early books, in which we can detect the concerns for inflation and the bifurcated economic power structure.


Aggregate Demand Price Control Affluent Society Dual Economy American Capitalism 
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Copyright information

© James Ronald Stanfield 1996

Authors and Affiliations

  • James Ronald Stanfield
    • 1
  1. 1.Colorado State UniversityFort CollinsUSA

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