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Description
In this programme Professor J. K. Galbraith of Harvard University discusses his views with Alan Peacock, Professor of Economics at the independent University of Buckingham. The discussion links clo...sely with Unit 10, where some of Galbraith's ideas are explored, and. with the two articles in the Supplementary materials by Galbraith himself and by James Meade. Galbraith begins by explaining how his views have changed since he wrote "The New Industrial State", (This is the book upon which both the unit text and the Supplementary articles concentrate), and then goes on to explore a number of issues with Alan Peacock:
Metadata describing this Open University video programme
Module code and title: D222, Microeconomics
Item code: D222; 05; 1979
First transmission date: 19-07-1979
Published: 1979
Rights Statement:
Restrictions on use:
Duration: 00:24:30
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Producer: Susan Boyd-Bowman
Contributors: J. K. Galbraith; Neil Costello; Alan Peacock
Publisher: BBC Open University
Keyword(s): Economics; Galbraith; Innovation; Management
Footage description: Neil Costello introduces the programme which comes from the Royal Society of Arts. Alan Peacock, University of Buckingham, talks to J K Galbraith about the ideas presented in his book, 'The New Industrial State'. The following topics are discussed. The problems of management and technical innovation in the public and private sectors. Galbraith's concept of the planned sector within bhe private sector of the market. The nature of ownership and control in the private sector. How the models suggested in the New Industrial State should be tested. The objectives of the largest firms in the market, attempting to maximise growth rather than profits. The power of those firms in the technocratic section of the economy to influence and control consumer purchases. low Galbraith's position distinguishes him from the neo-classicist and marxist economists, finally the two men discuss the general Galbraithian theory that the individuals who man the corporate technostructure are far more influential in shaping the ideas of society than other individuals in the distant rural sections of society.
Master spool number: 6HT/73133
Production number: FOUD053J
Videofinder number: 89
Available to public: no