The Economics of Innocent Fraud
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The primary aspect of the fraud of the American economy that Galbraith (emeritus, economics, Harvard U.) criticizes is the false pretense of shareholder control over corporations, when in fact all real power has shifted to corporate managers. Contradicting conventional wisdom, or approved belief in his words, he denies the distinction between t
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The primary aspect of the fraud of the American economy that Galbraith (emeritus, economics, Harvard U.) criticizes is the false pretense of shareholder control over corporations, when in fact all real power has shifted to corporate managers. Contradicting conventional wisdom, or approved belief in his words, he denies the distinction between t
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