The Economics of Innocent Fraud: Truth For Our Time - Hardcover

Galbraith, John Kenneth

Hardcover

ISBN 10: 0713998202 ISBN 13: 9780713998207

Publisher: Allen Lane, 2004

Synopsis

John Kenneth Galbraith, lifelong critic of unbridled corporate power and one of the most renowned economists of the twentieth century, explodes the myths at the core of Western society.

Sounding the alarm on the gap between 'conventional wisdom' and reality, Galbraith distils years of expertise to deliver a scathing critique of today's economics, politics and public morality. He shows the danger of the private sector's unprecedented and unbridled control over public life - from government to the military to the environment. And he reveals how politicians and the media have colluded in the myths of a benign market: that big business always knows best, that minimal intervention stimulates the economy, that obscene pay gaps and unrestrained self-enrichment are an inevitable by-product of the system. The result, he shows, is that we have given ourselves over to a lie and come to accept legal, legitimate, innocent fraud.

Galbraith's taut, wry and incisive analysis shows that the gulf between truth and illusion has never been wider. It is essential reading for anyone who cares about the economic and political future of the world.

About this title

About the Author

John Kenneth Galbraith is Paul M. Warburg Professor of Economics, Emeritus, at Harvard University. He has worked in economics for over seventy years, and his many books include A History of Economics, The Great Crash, 1929, The Age of Uncertainty and The Culture of Contentment.

Edition details

• Publisher: Allen Lane
• Publication date: 2004
• Language: English
• ISBN 10: 0713998202
• ISBN 13: 9780713998207
• Binding: Hardcover
• Edition number: 1
• Number of pages: 80