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Why did economist John Kenneth Galbraith believe that Americans postwar economy was a new phenomenon?
John Kenneth Galbraith believed that the postwar American economy represented a new phenomenon due to its shift from traditional market dynamics to what he termed "countervailing power." He argued that large corporations and government played significant roles in shaping economic outcomes, leading to an era of abundance and consumerism. This marked a departure from pre-war economic principles, emphasizing the influence of technology, advertising, and collective bargaining in driving growth and consumption. Consequently, Galbraith viewed the postwar economy as characterized by a unique interplay of institutional and social factors that fundamentally reshaped American life.
What else can I help you with?
Why was John Kenneth Galbraith criticized?
for presenting overly simplistic solutions to problems
What conclusions about the 1950 did john Kenneth Galbraith reach in his book the affluent society?
GDP
Why did john kenneth galbraith criticize Americas affluent society?
for presenting overly simpilistic solutions to problems
What is the birth name of Kenneth Crone?
Kenneth Crone's birth name is James Kenneth Crone.
What is the birth name of Kenneth Shipman?
Kenneth Shipman's birth name is Kenneth Wildred Shipman.
Who developed the theory of crypto servant?
The economist John Kenneth Galbraith (1908-2006).
Who was the economist who proposed that the least industrialized nations were held back by a culture of poverty?
John Kenneth Galbraith
Which economist believed that consumer desires are manipulated by slick marketing?
The most notable of several was John Kenneth Galbraith (1908-2006).
Born in Ontario what economist and future US ambassador to India wrote about the affluent society and the new industrial state?
John Kenneth Galbraith
Which economist proposed that the Least Industrialized Nations were held back from developing a more productive economy by a culture of poverty?
John Kenneth Galbraith
How tall is John Kenneth Galbraith?
John Kenneth Galbraith is 6' 9".
What is John Kenneth Galbraith's birthday?
John Kenneth Galbraith was born on October 15, 1908.
When was John Kenneth Galbraith born?
John Kenneth Galbraith was born on October 15, 1908.
How tall is Alan Greenspan?
I once asked 6'-7" John Kenneth Galbraith if he was the world's tallest Economist. He answered "Greenspan is taller, but I'm not sure he's an economist". BTW, Paul Volker is 6'-8" tall
Is Alan greenspan tall?
I once asked 6'-7" John Kenneth Galbraith if he was the world's tallest Economist. He answered "Greenspan is taller, but I'm not sure he's an economist". BTW, Paul Volker is 6'-8" tall
When did John Kenneth Galbraith die?
John Kenneth Galbraith died on April 29, 2006 at the age of 97.
How old was John Kenneth Galbraith at death?
John Kenneth Galbraith died on April 29, 2006 at the age of 97.
