This thinker wrote a work about the tension between "managerialism" and "socialism" and in another
 book discusses the idea o
This thinker wrote a work about the tension between "managerialism" and "socialism" and in another
 book discusses the idea of "countervailing power," arguing organized labor and the federal government
 will replace free market competition as the primary check on corporate power. This economist asserted that
 large companies have made perfect competition impossible because the rules of supply and demand have
 been undermined by the use of advertising in his book  The New Industrial State. His best-known work
 outlines the "dependence effect" and discusses the emergence of the private sector in America after World
 War II. For 10 points, name this economist who coined the term "conventional wisdom" in The Affluent
 Society.
This thinker wrote a work about the tension between "managerialism" and "socialism" and in another
 book discusses the idea of "countervailing power," arguing organized labor and the federal government
 will replace free market competition as the primary check on corporate power.
John Kenneth {Galbraith}