Volume 25, Number 6 · April 20, 1978
A Hard Case
By John Kenneth Galbraith
Two Cheers for Capitalism
by Irving Kristol
Basic Books, 274 pp., $10.00
I've often thought how pleasant and easy and also remunerative it would be, were one so motivated, to make the case for modern business organization—what many including Irving Kristol call capitalism. One would avoid, above all, the cataleptic and self-refuting litany of the neoclassical market. A thousand or so huge corporations now supply about half of all private product in the United States. No one of sound mind, unless extensively conditioned by economic instruction, can any longer be persuaded that these firms, which now make up the characteristic sector of the economy, conform to the market-controlled and politically passive model of the neoclassical creed.
Review, 2781 words
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