anybody study galbraith in business law? (1 Viewer)

[baka]

hi i just want to know if any students have studied his work/theories in particular "the dependence effect" i really need some info.... if anybody could help... that would be great. thanks.

 

[Silver Persian]

Galbraith's dependence effect is a response to the idea of consumer sovereignty from neoclassical economics. Consumer sovereignty claims that consumers, through their demand, tell businesses what to produce. Dependence effect argues the opposite, that businesses manufacture demand for their product through marketing.

that's it basically