The Economics of Innocent Fraud

First published in 2004, John Kenneth Galbraith's "The Economics of Innocent Fraud" is an extraordinarily prescient analysis of capitalism that has even greater power and relevance for our times. In this vigorous polemic John Kenneth Galbraith, a lifelong critic of unbridled corporate power, distils years of expertise to deliver a scathing attack on the modern financial system. Sounding the alarm on the gap between 'conventional wisdom' - a phrase he coined - and reality, Galbraith warns that the private sector and the public realm are becoming increasingly intertwined.