The New Industrial State

The New Industrial State is a 1967 book by John Kenneth Galbraith. A second and revised edition appeared in 1972. In it, Galbraith asserts that within the industrial sectors of modern capitalist societies, the traditional mechanism of supply and demand is supplanted by the planning of large corporations, using techniques such as advertising and, where necessary, vertical integration. The New Industrial State covers much of the same ground as Galbraith's 1958 work, The Affluent Society, but substantially expands and extends those ideas.

The New Industrial State

The New Industrial State is a 1967 book by John Kenneth Galbraith. A second and revised edition appeared in 1972. In it, Galbraith asserts that within the industrial sectors of modern capitalist societies, the traditional mechanism of supply and demand is supplanted by the planning of large corporations, using techniques such as advertising and, where necessary, vertical integration. The New Industrial State covers much of the same ground as Galbraith's 1958 work, The Affluent Society, but substantially expands and extends those ideas.