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| Title: | | The great crisis and the American response  |
| Authors: | | Galbraith, James K. |
| Issue Date: | | 2010 |
| Series/Report no.: | | Public policy brief // Jerome Levy Economics Institute of Bard College 112 |
| Abstract: | | Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three decades. The real sources of American economic power, he says, lie with those who manage and control the public-private sectors - especially the public institutions in those sectors - and who often have a political agenda in hand. Galbraith calls this the predator state: a government that is intent, not upon restructuring the rules in any idealistic way, but upon using the existing institutions as a device for political patronage on a grand scale. And it is closely aligned with financial deregulation. |
| ISBN: | | 978-1-936192-09-0 |
| Document Type: | | Research Report |
| Appears in Collections: | | Public Policy Briefs, Levy Economics Institute of Bard College
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