Abstract
The publication in June 1967 of The New Industrial State constitutes the maturation of the Galbraithian system. In the ‘Foreword,’ Galbraith himself compared it to The Affluent Society as a window to the house that contains it, the earlier book providing a ‘glimpse’ into the structure depicted in the latter. Years later he referred to it as his ‘principal effort in economic argument’ (Galbraith, 1983, p. xiii).
The difference is a difference of spiritual attitude.… it is a difference in the basis of valuation of the facts for the scientific purpose, or in the interest from which the facts are appreciated.
(T.B. Veblen, 1898)
The study of the capitalist market economy, when restricted to the non-evolutionary aspects of the capitalist process, ceases to be relevant to it.
(A.G. Papandreou, 1972)
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© 1996 James Ronald Stanfield
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Stanfield, J.R. (1996). The Administered Society. In: John Kenneth Galbraith. Contemporary Economists. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24753-0_4
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DOI: https://doi.org/10.1007/978-1-349-24753-0_4
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