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Book part
Publication date: 19 January 2024

Adem Yavuz Elveren

The goal of this chapter is to reexamine the nature and structure of the military–industrial complex (MIC) through the works of John Kenneth Galbraith. MIC, or military power as…

Abstract

The goal of this chapter is to reexamine the nature and structure of the military–industrial complex (MIC) through the works of John Kenneth Galbraith. MIC, or military power as he prefers, is a coalition of vested interests within the state and industry that promoted the military power in the name of “national security” for their interests. Galbraith’s theory of giant corporations helps us understand the role of military corporations in the MIC. Moreover, he is a critical scholar in examining this topic because he was a political insider in the Roosevelt, Kennedy, and Johnson administrations and a prominent public intellectual against the Vietnam War. Against this background, this chapter has three parts. After explaining the development of military Keynesianism with respect to the main economic thoughts, it examines the history of the MIC and its impact on economic priorities during and after the Cold War through Galbraith’s works. Finally, this chapter discusses MIC’s relevancy today and evaluates Galbraith’s prophecies.

Details

Research in the History of Economic Thought and Methodology: Including a Symposium on John Kenneth Galbraith: Economic Structures and Policies for the Twenty-first Century
Type: Book
ISBN: 978-1-80455-931-4

Keywords

Article
Publication date: 16 February 2010

Stefan Kesting

The paper seeks to answer the question: why is John Kenneth Galbraith a radical economist? The purpose of this paper is to show how he contributed to the development of economic…

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Abstract

Purpose

The paper seeks to answer the question: why is John Kenneth Galbraith a radical economist? The purpose of this paper is to show how he contributed to the development of economic theory and how this contribution differs radically from mainstream economics.

Design/methodology/approach

In concentrating on Galbraith's theory of power – certainly his most radical contribution to economics – the paper begins to provide an overview of his conceptual work. This overview includes Galbraith's theory of consumption, the firm and financial crisis and ends with his vision for the future. To demonstrate the radical nature of Galbraith's frameworks, they are compared to other heterodox economic theories – namely Institutional and Post Keynesian economics and to a number of randomly chosen standard economics textbook.

Findings

This comparative and interpretive exercise clearly demonstrates links of Galbraithian with other heterodox economic theories and very little mentioning and uptake of these concepts in widely used economics textbooks. Galbraith's ideas do seem to fit in well with Institutional and Post Keynesian economics, but not with standard economics.

Practical implications

Galbraithian economics is a clear example of a set of heterodox economic ideas that can be taught probably best as a separate and alternative framework of analysis to the mainstream. To familiarize students with Galbraith's economics will certainly strengthen their analytical abilities and provide them with radically different and particularly useful insights in this time of financial crisis.

Originality/value

The paper demonstrates the explanatory value of Galbraith's economics and the origin of the radical nature of his concepts which lies in his theory of power.

Details

International Journal of Social Economics, vol. 37 no. 3
Type: Research Article
ISSN: 0306-8293

Keywords

Book part
Publication date: 17 October 2018

Paul S. Adler and Charles Heckscher

“Shared purpose,” understood as a widely shared commitment to the organization’s fundamental raison d’être, can be a powerful driver of organizational performance by providing…

Abstract

“Shared purpose,” understood as a widely shared commitment to the organization’s fundamental raison d’être, can be a powerful driver of organizational performance by providing both motivation and direction for members’ joint problem-solving efforts. So far, however, we understand little about the organization design that can support shared purpose in the context of large, complex business enterprises. Building on the work of Selznick and Weber, we argue that such contexts require a new organizational form, one that we call collaborative. The collaborative organizational form is grounded in Weber’s value-rational type of social action, but overcomes the scale limitations of the collegial form of organization that is conventionally associated with value-rational action. We identify four organizational principles that characterize this collaborative form and a range of managerial policies that can implement those principles.

Details

Toward Permeable Boundaries of Organizations?
Type: Book
ISBN: 978-1-78743-829-3

Keywords

Book part
Publication date: 26 October 2020

Sebastian Bauhoff, Katherine Grace Carman and Amelie Wuppermann

Under the Patient Protection and Affordable Care Act (ACA), many low-income consumers have become eligible for government support to buy health insurance. Whether these consumers…

Abstract

Under the Patient Protection and Affordable Care Act (ACA), many low-income consumers have become eligible for government support to buy health insurance. Whether these consumers are able to take advantage of the support and to make sound decisions about purchasing health insurance likely depends on their knowledge and skills in navigating complex financial products. This ability is frequently referred to as “financial literacy.” We examined the level and distribution of consumers' financial literacy across income groups, using 2012 data collected in the RAND American Life Panel, an internet panel representative of the US population. Low financial literacy was particularly prevalent among individuals with incomes between 100% and 400% of the federal poverty level, many of whom will be eligible for health insurance subsidies. In this group, people who are young, less educated, female, and have less income were more likely to have low financial literacy. Our findings suggest the need for targeted policies to support vulnerable consumers in making good choices for themselves, possibly above and beyond the support measures already part of the ACA.

Article
Publication date: 1 April 1994

T. Galbraith

Stepping off the British Airways flight from Heathrow into the midday sun of Bologna, Italy, it is amazing the difference in temperature two short hours can make. A brief bus…

Abstract

Stepping off the British Airways flight from Heathrow into the midday sun of Bologna, Italy, it is amazing the difference in temperature two short hours can make. A brief bus trip, train journey and taxi cab later and we arrive at the hotel housing the delegates for the two‐day meeting. The conference/exhibition centre is less than two kilometres away. A pleasant walk in dry weather, but the following two days preceded some of the wettest weather in Europe, with four inches of rainfall in one day. Our location is Modena in northern Italy, heartland of some of the richest cuisine in the country.

Details

Circuit World, vol. 21 no. 1
Type: Research Article
ISSN: 0305-6120

Article
Publication date: 1 April 1993

T. Galbraith

Setting off on the short trip from the Isle of Man to London, it was a wet and windy day signalling the imminent arrival of another British winter. However, on arrival at…

Abstract

Setting off on the short trip from the Isle of Man to London, it was a wet and windy day signalling the imminent arrival of another British winter. However, on arrival at Heathrow, the stormy weather had abated and there was an almost calm serenity which made the 15 minute drive to Egham in Surrey pleasantly uplifting.

Details

Circuit World, vol. 20 no. 1
Type: Research Article
ISSN: 0305-6120

Article
Publication date: 1 April 1993

T. Galbraith

Flextronic Ltd, a UK leader in the manufacture and assembly of flexible circuits, have appointed Rob Lomer to the post of Quality Manager for both of their Chichester sites. Mr…

Abstract

Flextronic Ltd, a UK leader in the manufacture and assembly of flexible circuits, have appointed Rob Lomer to the post of Quality Manager for both of their Chichester sites. Mr Lomer has extensive quality management experience in the electronics environment, having introduced total quality management initiatives as well as statistical process control in previous posts. He is also intimately familiar with BS 7000/BS 5750 and ISO 9000/ EN 2900 in the USA as well as in the UK and mainland Europe.

Details

Circuit World, vol. 20 no. 1
Type: Research Article
ISSN: 0305-6120

Book part
Publication date: 10 April 2023

Charlie Yang, Ekaterina Ivanova and Maria Ivanova

Historically business education has put greater emphasis on rational analysis and the acquisition of instrumental and technical knowledge, while paying relatively scant attention…

Abstract

Historically business education has put greater emphasis on rational analysis and the acquisition of instrumental and technical knowledge, while paying relatively scant attention to developing business students’ soft skills such as self- and social awareness and emotional intelligence through contemplative learning. In light of the growing need for more open and diverse ways of knowing that are more holistic, emotional, and aesthetic in management education, the authors present a 2 × 2 framework of arts-based pedagogy which helps organize various arts-based practices currently used in management education. The authors also share their personal reflections on using artful practices, specifically focussing on two individual-level experiential learning activities (i.e. museum visits and e-portfolio projects) and one group-based participatory art project. The authors further discuss why creative thinking and innovative arts-based practices can open up a new possibility for filling the gaps in current management education, especially in regard to developing students’ self- and social awareness and environmental consciousness in a more creative manner.

Details

Honing Self-Awareness of Faculty and Future Business Leaders: Emotions Connected with Teaching and Learning
Type: Book
ISBN: 978-1-80262-350-5

Keywords

Content available
Book part
Publication date: 26 July 2007

Abstract

Details

Regional Aspects of Multinationality and Performance
Type: Book
ISBN: 978-0-7623-1395-2

Article
Publication date: 2 March 2023

Saleh Bazi, Razaz Waheeb Attar, Nawal Abdalla Adam and Nick Hajli

This study aims to investigate the latest breakthroughs in social commerce by examining the characteristics of consumers' social self-identity factors in the food and beverage…

Abstract

Purpose

This study aims to investigate the latest breakthroughs in social commerce by examining the characteristics of consumers' social self-identity factors in the food and beverage sector. The objective is to examine how social self-identities factors contribute to exchanging information on social commerce platforms for food and beverage products.

Design/methodology/approach

This study employed partial least squares structural equation modeling (PLS-SEM) to test the measurement and structural model. A total of 238 food and beverage website and apps users were questioned using a structural survey.

Findings

Contrary to expectations, one self-inner driver does not influence consumers' intentions to exchange social commerce information, while up-to-date information, validation and like-minded discussion have a strong impact on the social commerce exchange model.

Originality/value

The findings of this research offer new insights into the brand's abilities to induce social commerce. The findings also assist marketing managers in better managing brand content on these websites.

Details

British Food Journal, vol. 125 no. 8
Type: Research Article
ISSN: 0007-070X

Keywords

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