The New Industrial State Author:John Kenneth Galbraith Galbraith's bestseller that revolutionized thinking about American capitalism. Power in modern industrial society resides with the large producing organizations: the large corporations. Far from being safely and resignedly subordinate to the market, as the neoclassical argument holds, they fix prices and go on extensively t... more »o accommodate the consumer to their needs. And they also obtain from the state such further actions as are needed to ensure a benign and stable environment for their operations. Revised and updated edition.« less