American Capitalism: The Concept of Countervailing Power
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An economist considers the American economy & presents the theory that American capitalism has justified itself & a "countervailing power" has developed since WWII in the form of "strong buyers" to replace dying competition among sellers.
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Foreword
The insecurity of illusion
The foundation of the faith
The problem of power
The abandonment of the model
The ogre of economic power
The depression psychosis
The economics of technical development
The unseemly economics of opulence
The theory of countervailing power
Countervailing power & the state
The case of agriculture
The role of decentralized decision
The role of centralized decision
The problem of restraint
Index
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