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Buyers Quote by John Kenneth Galbraith

“THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.” quote by John Kenneth Galbraith
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“THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.”

John Kenneth Galbraith

About This Quote

Source Book: The Affluent Society, John Kenneth Galbraith, 1958

The industrial system aims to keep prices low and control consumer choices to maximize its influence.

In simple terms: Industry tries to control prices and buyer behavior.

Key Takeaway

Recognize and question price control mechanisms.

Themes

economics consumerism power dynamics

Mood

critical analytical

Type

economic political

When to use this quote

  • government regulation
  • consumer advocacy
  • business negotiations
  • pricing strategy
  • market analysis

Key Concepts

price control market influence industrial strategy

Questions to Reflect On

  • How does price control affect consumer freedom?
  • What alternatives exist to balance market power?
A Different Perspective

It may overlook benefits of competition and innovation.

2.8 out of 5 (8 ratings)

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