Innovation, Evolution And Economic Change: New Ideas in the Tradition of Galbraith (New Directions in Modern Economics)

John Kenneth Galbraith is an eminent economist and proponent of change. The contributors to the book further his analysis on the evolution of capitalism; taking into account changes to the general economic climate since the publication of J.K. Galbraith’s main thesis, they outline new ideas which form fertile ground for new research. The book begins with a penetrating analysis of the main features of today’s capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important step in the development of a theory of fraud and corruption within corporations. In the final part, the authors address and explore the consequences of the domination of influential groups over major social and political decisions, on the blurred boundaries between the public and the private sectors and its consequences in the fields of the technological regulation and the evolution of public services. In so doing, the authors question the meaning and power of democracy in today’s society. Innovation, Evolution and Economic Change will appeal to a wide readership and audience of economists, policy makers and political organizations.