Abstract
The private market works within patterns of unequal distribution of economic, social, and political power. [J. W. Hurst, Law and Markets in United States History, Madison: University of Wisconsin Press, 1982, p. 138.]
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Reference
M. FriedmanCapitalism and Freedom, Chicago: Phoenix, 1962.
Many of his Newsweek magazine columns are reprinted in M. Friedman, An Economist’s Protest, Glenridge: Horton, 1972.
Whereas the composition of the list may be disputed, the “Galbraithian Trilogy” as discussed here consists of: (1) J. K. Galbraith, American Capitalism, Boston: Houghton Mifflin, 1952; (2) J. K. Galbraith, The Affluent Society, Boston: Houghton Mifflin, 1958; and (3) J. K. Galbraith, The New Industrial State,Boston: Houghton Mifflin, 1967. A fourth book, J. K. Galbraith, Economics and the Public Purpose, Boston: Houghton Mifflin, 1973, constitutes an elaboration and extension of ideas presented in the three earlier books.
R. L. HeilbronerThe Nature and Logic of Capitalism, New York: Norton, 1985.
P. F. Drucker has written many books and articles about managerial capitalism. Three important ones are: (1) P. F. Drucker, Concept of the Corporation, New York: John Day, 1946; (2) P. F. Drucker, The New Society, New York: Harper & Row, 1949; and (3) P. F. Drucker, Technology,Management and Society, New York: Harper & Row, 1958.
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J. A. Schumpeter, History of Economic Analysis, New York: Oxford, 1954, pp. 12–23 and 33–40.
R. L. HeilbronerThe Making of Economic Society, Englewood Cliffs: Prentice-Hall, 1962.
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Galbraith, The New Industrial State, op.cit
As examples, see: (1) J. Burnham, The Managerial Revolution,New York: John Day, 1941; and (2) M. D. Reagan, The Managed Economy, New York: Oxford, 1963.
D. M. Keezer, “Business,” in E. Seligman and A. Johnson, Encyclopedia of the Social Sciences, Vol. 3, New York: Macmillan, 1968, p. 81.
. Ibid, p. 82.
These events, and others, are reported in R. Cameron, A Concise Economic History of the World, New York: Oxford, 1989.
C. M. Hicks, Introduction to Business, New York: Johnsen, 1961, pp. 15–18.
H. Plotkin, “Capitalism,”Academic Americana Encyclopedia, Vol. 2, Danbury: Grolier, 1989, p. 124.
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As examples, see: (1) K. Davis, The Challenge of Business, New York: McGraw-Hill, 1975, pp. 25–36; (2) J. B. Poe, An Introduction to the American Business Enterprise, Homewood: Irwin, 1972, pp. 9–16; and (3) T. J. Sielaff and J. W. Aberle, Introduction to Business, Belmont: Wadsworth, 1969, pp. 9–14.
W. Rudelius, W. B. Erickson, and W. J. Bakula, Jr.An Introduction to Contemporary Business, New York: Harcourt Brace Jovanovich, 1973, p. 29.
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Peterson, R.D. (1991). Overview. In: Political Economy and American Capitalism. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3874-1_1
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