John Kenneth Galbraith et l’évolution des structures économiques du capitalisme : d’une théorie de l’entrepreneur à une théorie de la grande entreprise ?

Abstract

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Consumer Sovereignty in the Digital Society

“…Price competition has been gradually replaced by monopolistic competition, that is to say an oligopolistic market structure combined with product differentiation (Chirat & Guicherd 2022). Galbraith (1967) was convinced that the productive superiority of the mature corporation was due to some extent at least, to returns to scale, which sustain its market power as a means to reach out technostructure's objectives (Baudry et Chirat 2018). There is nowadays a wide consensus in digital economics to claim "that large data bases can lead to natural economies of scale and network effects, which potentially generate market power" (Goldfarb 2014, 125).…”

“…The effects of oligopolistic market structure on innovation are a complex issue. Contrary to Schumpeter, Galbraith never amalgamated the disappearance of the entrepreneur's figure with that of its innovative function, which falls in the hands of engineers among the technostructure (Baudry & Chirat 2018). According to Galbraith, large industrial corporations foster innovation because of their market power, which allows them to spent money on R&D. Because of the profits they generated, GAFAM or BATX might go on shaping the technological and organizational future.…”

Features Of The Terms For Designating Economic Entities In Academic Discourse

“…In Lins, Servaes, and Tamayo (2017), Coad, Segarra, and Teruel (2016) and Thompson and Valentinov (2017), the firm used as the initial term. In Lister, (2019), Baudry and Chirat (2018) and Mitchell, Weaver, Agle, Bailey, and Carlson (2016), the subject of research denoted by the term "corporation". (Lister, 2019) treats a "corporation" as a form of "firm" (Spigel, 2017), (Maclean, Harvey, & Clegg, 2017) and (Wang, Li, Li, & Zhang, 2016) place the "organization" at the center of study.…”

Convergence on inflation and divergence on price control among post Keynesian pioneers: insights from Galbraith and Lerner

“…54 For Galbraith, who refused to place the responsibility solely on the Republican administration, "the first cause of the crisis in economic policy is an error that is implicit in nearly all economic thought" (1971,73). Economists have neglected the change in the nature of the institutions of American capitalism that he described in The New Industrial State (James Galbraith 1984;Baudry and Chirat 2018). President Nixon had said a few months earlier on television, "I am now a Keynesian in economics" (Parker 2005, 488).…”