Political Economy

American Capitalism: The Concept of Countervailing Power by J K Galbraith

By J K Galbraith

Show description

Read Online or Download American Capitalism: The Concept of Countervailing Power PDF

Best political economy books

China's Rise: Challenges and Opportunities

China has emerged as an monetary powerhouse (projected to have the biggest economic climate on the earth in a bit over a decade) and is taking an ever-increasing position at the international degree. China's upward thrust: demanding situations and possibilities is designed to assist the USA higher understand the evidence and dynamics underpinning China's upward push, that's an figuring out that turns into progressively more very important with each one passing day.

The Social Health of the Nation: How America Is Really Doing

For the earlier twelve years, the once a year free up of the Index of Social health and wellbeing has been a big occasion, brought up within the big apple instances, The Washington publish, and different nationwide media our premier barometer of development in addressing America's social ills. Now, within the Social future health of the country, the Index for 1999--an worthwhile fount of information--is on hand for the 1st time in ebook shape.

France in Crisis: Welfare, Inequality, and Globalization since 1980

Timothy Smith argues that the French monetary and social version is imploding on itself regardless of stable intentions. undesirable rules and vested pursuits that make the most the rhetoric of "solidarity" and the threat of globalization have avoided worthy alterations from being effected. Making common comparisons with the U.

Additional info for American Capitalism: The Concept of Countervailing Power

Sample text

S. Constitution, for example, Federalist Paper no. S. " Even the extensive American states, it said, were not immune to infection from "violent passions" (Hamilton et aI. 1961, pp. 382, 384-385). James Madison objected, in Federalist Paper no. 49, to Jefferson's proposal that Virginia should allow for popular conventions to alter its constitution or correct breaches in it. Madison alluded to the "danger of disturbing the public tranquility by interesting too strongly the public passions" (p. 315).

In each of these latter cases, collective public opinion (about the MX missile between 1981 and 1983, for example), may well change. The centralized nature of the information system has a number of important consequences. For one thing, some long-term opinion changes by individuals are likely to be aggregated into enduring collective opinion changes. We want to know how often this has happened, what has caused it, and for which policy issues it has occurred. For another thing, public opinion can change temporarily, as a result of temporary opinion shifts by many individuals at the same time.

Finally, Chapter 10 summarizes and evaluates our evidence concerning the rationality of the general public: the extent to which collective public opinion is real, meaningful, and coherent, reflecting underlying values and beliefs; the extent to which it fluctuates or is stable; whether it changes capriciously or through reasonable and consistent responses to information and events. The chapter also appraises the place of public opinion in democratic policy-making. 2 The Myth of CapriciousChange o It is widely believed that the American public's policy preferences shift frequently, rapidly, and arbitrarily.

Download PDF sample

Rated 4.82 of 5 – based on 41 votes