Economic Doctrine and the Public Purpose

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


In Economics and the Public Purpose, Galbraith slightly emends the overall model of The New Industrial State and sharpens and elaborates upon its implications. The development of his thinking that he integrates into his model of the new industrial state in this book was foreshadowed by two important essays initially delivered to the American Economic Association, ‘Economics as a System of Belief’ in 1969 (republished in Galbraith, 1971a) and ‘Power and the Useful Economist’ in 1972 (also republished, 1979c). Galbraith regards the latter essay as ‘the best short account of my general economic position’ (1979c, p. 3).


Profit Maximization External Constraint Market Sector Conditioned Power Public Purpose 
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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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