Volume 17 & 18, Number 12 & 1 · January 27, 1972
A Case of Inflation
By Leonard Ross
The New Industrial State
by John Kenneth Galbraith
Houghton Mifflin, 423 pp., $8.95
'Galbraith Corrects Galbraith's Errors,' announced a New York Times story about the publication of the second edition of The New Industrial State. But the event hasn't precisely matched the advance publicity. As befits a critic of the auto industry's annual style changes, Professor Galbraith has avoided wasteful retooling costs in preparing this 'new, completely updated' edition. A few statistics are brought up to date; a once topical reference to President Johnson is deleted; a new Introduction by the author notes the impressive circulation of the first edition and (with an occasional concession) brushes off its detractors.
Review, 1296 words
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