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Even many liberals have felt the need to genuflect before the altar of free markets, but in The Predator State, progressive economist James K. Galbraith suggests that, under the Bush administration, conservatives have clearly abandoned the Reagan dogma and replaced it with crony capitalism. Tax cuts for the wealthy, deregulation, and such schemes as privatizing Social Security would divert the national...

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but...

A unique document in the history of the Kennedy years, these letters give us a firsthand look at the working relationship between a president and one of his close advisers, John Kenneth Galbraith. In an early letter, Galbraith mentions his "ambition to be the most reticent adviser in modern political history." But as a respected intellectual and author of the celebrated The Affluent Society, he was not to be positioned so lightly, and his letters are replete with valuable advice about economics, public policy, and the federal bureaucracy. As the United States' ambassador to India...