The New Industrial State
Classical economic theory describes a market place where supply and demand determine the price. Today the consumer is no longer sovereign because increasingly producers must control prices and influence consumers.
This new theory and its consequences for us all is the theme of the six lectures by JOHN KENNETH GALBRAITH
Professor of Economics at Harvard University
1: Planning and the Technological Imperative
Professor Galbraith examines how modern technology has fundamentally affected economic thinking and the other reasons for the reverse of classical theory, and explains why planning now has an indispensable role in both capitalist and communist societies.
Repeated: Monday, 7.30 (Third)
See facing page