The shaping of economic arrangements was driven by political forces acting on behalf of corporate and financial elite interests, but economic ideas also played a critical role.
Galbraight's latest book is ‘Inequality and Instability: A Study of the World Economy Just Before the Great Crisis’. Here is the Interview conducted by Philip Pilkington.
The boast that American workers are naturally superior to other workers and would therefore “win” in any fair competition is problematic at best and at worst, a pander to our national delusion of exceptionalism.