What were Galbraith main social concerns

Assignment Help Other Subject

Reference no: EM131928766

Quiz: John Kenneth Galbraith

I. True or False

1. For Galbraith, the ultimate solution to modern American problems is small government along with tax cuts.

2. In his book The Anatomy of Power, Galbraith claimed that organizations used two types of powers: compensatory power and conditioned power.

3. Veblen called the modern influence of advertisement "dependence effect" what Galbraith called "pecuniary emulation."

4. Galbraith was a critic of the neoclassical (or orthodox) economic assumption "more output is always better than less".

II. Short Answers

1. What is wrong with the assumption of the mainstream economists "more output is always better than less"?

2. Why does the GDP maximization not always equal to better wellbeing? Give two examples and explain your argument.

3. What were Galbraith's main social concerns? List two and explain.

4. What should be the goals of development for the poor countries, Symbolic Modernization, Maximized Economic Growth [=GDP], or Selective Growth? List the advantages and disadvantages of each of the growth mode.

III. Extra Credit

5. How can social democracy cure the phenomenon of "private opulence and public squalor"? Take Sweden or another Nordic democracy as example.

Total words: 300 approx.

For the short answer don't write essay, just answer them in few sentences.

Attachment:- Readings.rar

Reference no: EM131928766

Questions Cloud

Describe the structure of your ecosystem : Describe the structure of your ecosystem including important abiotic features and dominant plant and animal species.

Why reporting results with margin of error is informational : Conclude why reporting results with a margin of error is more informational than just the point estimate, such as the sample mean.

How your friends commute affects one or more nutrient cycle : Your friend commutes to work every day by driving a standard gasoline-powered car. Explain how your friend's commute affects one or more nutrient cycles.

Determine the optimal time for the machine : Determine the optimal time for the machine to be replaced. (Assume that the same machine can be purchased at the same price, ignoring inflation)

What were Galbraith main social concerns : What is wrong with the assumption of the mainstream economists "more output is always better than less"? What were Galbraith's main social concerns

Data security and data loss prevention for travelers : What are five major issues that employees need to be aware of about Data Security and Data Loss Prevention for Travelers.

Travel down a fiber optic cable : What is the name of the process that allows light to travel down a fiber optic cable?

What would you have done differently in the given case why : Determine what question(s) the authors are trying to answer by doing this research. What would you have done differently in this case? Why?

What is the source of your municipalitys drinking wate : What is the source of your municipality's drinking water? Describe any concerns related to the quantity and quality of this water source.

User Account

All Pages