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Slate - The Dismal Science - Jan. 22, 1998

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By Paul Krugman (posted Thursday, Jan. 22)

Slate - The Dismal Science - Jan. 22, 1998 Entertainment Values Will capitalism go Hollywood? By Paul Krugman (posted Thursday, Jan. 22) Thirty years ago, when John Kenneth Galbraith published The New Industrial State , he was sure he knew where the modern economy was going and was contemptuous of economists who clung to their old ideas about the primacy of markets. Clearly giant corporations, driven by the imperatives of technology, were replacing the chaos of the market with bureaucratic order. The age of business heroes was over: "With the rise of the modern corporation, the emergence of th

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