This work contains James K. Galbraith's most influential recent writings on current affairs along with new commentary, and explores both the descent to disaster in Iraq and the ongoing transformation of the American economy under the steerage of Alan Greenspan.

The book begins with a penetrating analysis of the main features of today's capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important...

In Economic Reform Now , some of the world's leading economists issue a strong warning on the grave errors that are threatening to force the global economy over the brink. As Europe moves closer to economic disaster, and America fights double-digit unemployment, this is a must-read for policy...

Frontmatter -- Contents -- General Editor's Introduction -- Foreword / Galbraith, James K. -- Acknowledgments -- Introduction to the Fourth Edition: On the Perils and Rewards of Economic Dissonance -- 1. Change and the Planning System -- 2. The Imperatives of Technology -- 3. The Nature of...