Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54289
Authors: 
Galbraith, James K.
Year of Publication: 
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

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