What year was "American Capitalism" published?
1942
1952
1962
1972
Answer
Published in 1952, "American Capitalism: The Concept of Countervailing Power" is an influential book by John Kenneth Galbraith. It introduces the concept of countervailing power, arguing that in the American economic system, large corporations and labor unions balance each other's power, preventing the concentration of economic control.
The Galbraithian Quest: Uncovering the Legacy of John Kenneth Galbraith
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