The new industrial state is a 1967 book by john kenneth galbraith three revised editions appeared in 1972 1978 and 1985. The new industrial state by john k galbraith is a classic work of economics written in the decades following wwii galbraith was a well known economist in his time and the new industrial state is his seminal work. With searing wit and incisive commentary john kenneth galbraith redefined americas perception of itself in the new industrial state one of his landmark works the united states is no longer a free enterprise society galbraith argues but a structured state controlled by the largest companies. The new industrial state with searing wit and incisive commentary john kenneth galbraith redefined americas perception of itself in the new industrial state one of his landmark works the. John kenneth galbraith did not foresee these developments in 1967 but the framework of the new industrial state the economics of organization remains the portal through which one must pass if