By John Kenneth Galbraith
A well known economist offers an available, far-reaching heritage of the century's economics from global battle I and the Russian Revolution, during the melancholy and Keynesian conception, to colonialism's cave in and the increase of the 3rd international.
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Additional info for A Journey Through Economic Time: A Firsthand View
And new kinds of industry developed. Page 2 The striking and accepted feature of the capitalist system was the authority with which it endowed those who owned the plant and machinery or who had the means to acquire them. The feudal and still very influential landlord owed his authority to his ownership of the land. And the merchants, including the participants in the great trading companies of earlier datethose in distant commerce to the Indies, China and the Americasowed their importance to the ships and the money they supplied.
As so often and so reliably over the last forty-two years, since I first came under their management as an author, my thanks go also to Houghton Mifflin and therein to Nader Darehshori, Joe Kanon and Mindy Keskinen, who, of all publishers, must be the most forgiving, tolerant and understanding of their authors and certainly of me. While working on this book, I have had as always the unvarying support of Catherine Atwater Galbraith. When I turn to my writing, it is of her I think. From that come the commitment and the diligence which all authors must have.
This is true of much of Africa, of Central and much of South America and of parts of Asia. In general economic discussion, this world lies apart, but if we are concerned with human values and human suffering, it must be at the center of our concern. Against the achievements of modern economic life must be set its failures. Of this, also, I seek to be conscious in the pages to come. " Attention was there turned to the planning and command system of comprehensive socialism, commonly called Communism, in which all or most productive resources are owned by the state or, in the preferred language, the people.
A Journey Through Economic Time: A Firsthand View by John Kenneth Galbraith