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The Anatomy of Power is a book written by Harvard economist John Kenneth Galbraith, originally published in 1983 by Houghton Mifflin Harcourt. [3] It sought to classify three types of power: compensatory power in which submission is bought, condign power in which submission is won by making the alternative sufficiently painful, and conditioned power in which submission is gained by persuasion. [4]
The 48 Laws of Power has sold over 1.3 million copies in the United States and has been translated into 24 languages. [6] Fast Company called the book a "mega cult classic", and the Los Angeles Times noted that The 48 Laws of Power turned Greene into a "cult hero with the hip-hop set, Hollywood elite and prison inmates alike". [6] [9]
Economic power refers to the ability of countries, businesses or individuals to improve living standards. It increases their ability to make decisions on their own that benefit them. Scholars of international relations also refer to the economic power of a country as a factor influencing its power in international relations. [1]
In the print edition of The New Industrial State (1967), Galbraith expanded his analysis of the role of power in economic life, arguing that very few industries in the United States fit the model of perfect competition. A central concept of the book is the revised sequence.
The law of the value of commodities (German: Wertgesetz der Waren), [1] known simply as the law of value, is a central concept in Karl Marx's critique of political economy first expounded in his polemic The Poverty of Philosophy (1847) against Pierre-Joseph Proudhon with reference to David Ricardo's economics.
Landsburg received a Master of Arts degree from the University of Rochester in 1974, along with a Doctor of Philosophy degree from the University of Chicago. [2] The now Rochester Professor of Economics released his first book, Price Theory and Applications in 1989 and followed it up in 1993 with the first edition of The Armchair Economist. [3]
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
The Matthew effect, sometimes called the Matthew principle, is the tendency of individuals to accrue social or economic success in proportion to their initial level of popularity, friends, and wealth.