The Economics of Innocent Fraud (Pocket Penguins)

Galbraith, John Kenneth

9780141023014

ISBN 10: 0141023015 / 0-14-102301-5
ISBN 13: 9780141023014
Publisher: Penguin Books Ltd
Publication Date: 2005
Binding: Softcover
About this title:
Synopsis:
In May 2005 Penguin will publish 70 unique titles to celebrate the company's 70th birthday. The titles in the Pocket Penguins series are emblematic of the renowned breadth of quality of the Penguin list and will hark back to Penguin founder Allen Lane's vision of good books for all'. A lifelong critic of unbridled corporate power and the most widely read economist of the twentieth century, the admired Harvard professor J. K. Galbraith has been published by Penguin for more than forty years. His latest book The Economics of Innocent Fraud is a vigorous polemic that reveals the private sector's control over public life in today's society, and considers our increasing tendency to blindly accept legal, legitimate, innocent' fraud.

Review:
John Kenneth Galbraith has been immersed in economics for most of his long and remarkable life. The purpose of this extended essay is to illuminate examples of "innocent fraud" or the gulf between perception and reality in the modern American economic system--a system he had a hand in creating during his tenure in FDR's administration. Although it tackles serious subjects, the book sparkles with wit and sly understatement.

The dominant role of the corporation in modern society is one such form of innocent fraud, and he explains how managers hold the real power in our system, not consumers or shareholders as the image would suggest. Despite the "appearance of relevance for owners" capitalism has given way to corporate bureaucracy--"a bureaucracy in control of its task and its compensation. Rewards that verge on larceny." He explains how the public realm is effectively controlled by the private sector. The arms industry is but one example of this: "While the Pentagon is still billed as being of the public sector, few doubt the influence of corporate power in its decisions." Galbraith also looks at the financial world, which "sustains a large, active, well-rewarded community based on compelled but seemingly sophisticated ignorance", and in particular the Federal Reserve System, "our most prestigious form of fraud, our most elegant escape from reality." In essence, Galbraith says that the Fed, for all of its power and prestige, effectively does nothing. And he has little problem with this: "Let their ineffective role be accepted and forgiven."

Both a guide to the present and an aid to shaping the future, this slim, satisfying book is a font of wisdom, conventional and otherwise, from a respected elder statesman in the twilight of his life. --Shawn Carkonen, Amazon.com


Review:
"This brief treatise is a well-written, logical argument about the state of the economy." Publishers Weekly

"About this title" may belong to another edition of this title.
 

The Economics of Innocent Fraud (Pocket Penguins): Search Results

1.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: Hippo Books (Toledo, OH, U.S.A.)
Bookseller Rating: 4-star rating
Quantity Available: 1

Book Description: PENGUIN BOOKS LTD. Paperback. Book Condition: GOOD. Good condition. Bookseller Inventory # V2477264733

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.67
Convert Currency
Shipping: £ 1.94
Within U.S.A.
2.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: Brit Books (MIDDLESEX, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Penguin Books Ltd, 2005. Paperback. Book Condition: Used; Good. This is an Ex-library copy. Bookseller Inventory # 1630287

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 3.55
From United Kingdom to U.S.A.
3.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: AwesomeBooks (Oxford, OX, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Penguin Books Ltd, 2005. Paperback. Book Condition: Good. The Economics of Innocent Fraud (Pocket Penguins) Shipped within 24 hours from our UK warehouse. Clean, undamaged book with no damage to pages and minimal wear to the cover. Spine still tight, in good condition. Remember if you are not happy, you are covered by our 100% money back guarantee. Bookseller Inventory # BM-L1-R033-MB001-J5-00022

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 3.79
From United Kingdom to U.S.A.
4.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: Bookbarn International (Bristol, SOM, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: PENGUIN BOOKS LTD, 2005. Paperback. Book Condition: Used; Good. Ships from the UK within 24 hours. Number of pages: 64. Bookseller Inventory # BBI204606

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 4.10
From United Kingdom to U.S.A.
5.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: PreLoved ltd (AYLESBURY, United Kingdom)
Bookseller Rating: 4-star rating
Quantity Available: 1

Book Description: Paperback. Book Condition: Fair. Bookseller Inventory # PL00936941B

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 4.10
From United Kingdom to U.S.A.
6.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: WorldofBooks (Goring-By-Sea, WS, United Kingdom)
Bookseller Rating: 4-star rating
Quantity Available: 1

Book Description: Paperback. Book Condition: Good. The book has been read but remains in clean condition. All pages are intact and the cover is intact. Some minor wear to the spine. Bookseller Inventory # GOR002705028

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 4.89
From United Kingdom to U.S.A.
7.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: WorldofBooks (Goring-By-Sea, WS, United Kingdom)
Bookseller Rating: 4-star rating
Quantity Available: 2

Book Description: Paperback. Book Condition: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Bookseller Inventory # GOR001234425

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 4.89
From United Kingdom to U.S.A.
8.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: The Book Factory (Sleaford, A, United Kingdom)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Penguin Books Ltd, 2005. Paperback. Book Condition: Very Good. *** FAST RELIABLE SERVICE***IN VERY GOOD GENERAL CONDITION*** LITTLE SIGN OF PREVIOUS OWNERSHIP In VERY GOOD condition, with only slight signs of previous ownership. Bookseller Inventory # mon0001375092

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.66
Convert Currency
Shipping: £ 5
From United Kingdom to U.S.A.
9.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: Bookdonors CIC (GALASHIELS, United Kingdom)
Bookseller Rating: 4-star rating
Quantity Available: 1

Book Description: Penguin Books Ltd 2005-05-06, 2005. Paperback. Book Condition: Very Good. RAPID UK SHIPPING; PAPERBACK IN VERY GOOD CONDITION; REFLECTS USED STATUS; EASY REFUNDS; WE ARE A COMMUNITY INTEREST COMPANY. Bookseller Inventory # BDSAEL014P3-023

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 0.65
Convert Currency
Shipping: £ 8.50
From United Kingdom to U.S.A.
10.

Galbraith, John Kenneth
ISBN 10: 0141023015
ISBN 13: 9780141023014
Bookseller: Booked Again (Summit, NJ, U.S.A.)
Bookseller Rating: 5-star rating
Quantity Available: 1

Book Description: Book Condition: Good. Good condition, some are ex-library and can have markings. Bookseller Inventory # GD-134-51-7936107

Bookseller & Payment Information | More Books from this Seller | Ask Bookseller a Question

Add Book to Shopping Basket
Price: £ 19.35
Convert Currency
Shipping: £ 2.58
Within U.S.A.
View All Listings for this Book