Also the ambassador to India in the Kennedy administration, name this Canadian-American economist and author of The New Industrial State who talked about "conventional wisdom" in The Affluent Society.
This economist used trade unions as an example of the widespread concept of "countervailing power" in his book American Capitalism. In his magnum opus, he cites General Motors in exploring the relationship between the number of large firms and lack of competitiveness in the economy. In perhaps his most famous work, he discussed "the way wants depend on the process by which they are satisfied" in a chapter titled "The Dependence Effect" and coined a phrase meaning "ideas which are esteemed at any time for their acceptability". Also the ambassador to India in the Kennedy administration, name this Canadian-American economist and author of The New Industrial State who talked about "conventional wisdom" in The Affluent Society.
This economist used trade unions as an example of the widespread concept of "countervailing power" in his book American Capitalism.
John Kenneth {Galbraith}