Another of this man's works claims that shareholders are losing control of companies to upper-level "technostructures" that do not seek to maximize profit.
In one work, this economist cited trade unions and citizens' organizations as "countervailing powers" to the advantages of big business. Another of this man's works claims that shareholders are losing control of companies to upper-level "technostructures" that do not seek to maximize profit. That work argues that supply and demand have taken a backseat to advertising and vertical integration for corporations. Another of this man's works, which explores the economic disparity between the private and public, uses the term "conventional wisdom." For 10 points, name this author of The New Industrial State and The Affluent Society.
In one work, this economist cited trade unions and citizens' organizations as "countervailing powers" to the advantages of big business.
John Kenneth Galbraith