The Economics of Innocent Fraud

Sounding the alarm on the gap between 'conventional wisdom' - a phrase he coined - and reality, Galbraith warns that the private sector and the public realm are becoming increasingly intertwined. He shows how politics and the media have colluded in the myth of a benign market system, accepting obscene pay gaps and unrestrained self-enrichment - ultimately meaning that we have come to condone legal, legitimate, 'innocent' fraud. First published in 2004, this extraordinarily prescient analysis of capitalism now has even greater power and relevance for our times.