That work tracks how large corporations use futures to minimize the volatility of raw materials prices and how they undermine supply and demand via advertising and vertical integration.
One work by this author claims that companies that control two-thirds of output act to minimize risk rather than maximize profit, since they are controlled not by their shareholders, but by technostructure. That work tracks how large corporations use futures to minimize the volatility of raw materials prices and how they undermine supply and demand via advertising and vertical integration. Another work by this author described the growing wealth of the American private sector while public infrastructure remained impoverished and popularized the phrase "conventional wisdom." For 10 points, name this author of The New Industrial State and The Affluent Society.
One work by this author claims that companies that control two-thirds of output act to minimize risk rather than maximize profit, since they are controlled not by their shareholders, but by technostructure.
John Kenneth {Galbraith}