Great Crash 1929

ISBN-10: 0395859999
ISBN-13: 9780395859995
Edition: 1997 (Revised)
List price: $14.00 Buy it from $3.00
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Description: Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of  More...

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Book details

List price: $14.00
Copyright year: 1997
Publisher: Houghton Mifflin Harcourt Publishing Company
Publication date: 4/30/1997
Binding: Paperback
Pages: 224
Size: 5.75" wide x 8.50" long x 0.75" tall
Weight: 0.484
Language: English

Of Galbraith's classic examination of the 1929 financial collapse, the Atlantic Monthly said:"Economic writings are seldom notable for their entertainment value, but this book is. Galbraith's prose has grace and wit, and he distills a good deal of sardonic fun from the whopping errors of the nation's oracles and the wondrous antics of the financial community." Now, with the stock market riding historic highs, the celebrated economist returns with new insights on the legacy of our past and the consequences of blind optimism and power plays within the financial community.

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

Introduction
A Note on Sources
"Vision and Boundless Hope and Optimism"
Something Should Be Done?
In Goldman, Sachs We Trust
The Twilight of Illusion
The Crash
Things Become More Serious
Aftermath I
Aftermath II
Cause and Consequence
Index

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