Map of Chevillon

Map of Chevillon on Not surprisingly, Galbraith advised Adlai Stevenson, the Democratic Party contender for president during the 1950s, and then worked for John F. KENNEDY and Lyndon B. JOHNSON. While he worried about the shortcomings of consumer capitalism, Galbraith continued to believe in selfcorrecting forces (countervailing power) and grew increasingly optimistic during the 1960s. In The New Industrial State (1967), he extended some earlier arguments he had made about a new class of employees in American corporations. Here Galbraith picked up on a long line of social thought, one that extended from the iconoclastic economic thinker Thorstein VEBLEN. Veblen recognized that as businesses grew in size, more managerial power was ceded to engineers and other professionals. Map of Chevillon 2016.

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