John K. Galbraith bimodal image of the economy in the context of Keynesian prospect of market economy functioning

Abstract

The paper presents the idea of John K. Galbraith in the context of Keynesian thought. Starting from the concept of the company and its growth determinants, Galbraith notes that the growth of some firms leads to the emergence of the planning sector in the economy, made of a group of corporations that control their economic environment. This economic image has its macroeconomic consequences in the form of price and wage rigidities in certain sectors. Thus, the concept of John K. Galbraith is part of the search for microeconomic foundations of Keynesian thought.