The macroeconomic environment, like everything else, would be overseen by the " technostructure,"
2.
While the goals of an affluent society and complicit government serve the irrational technostructure, public space is simultaneously impoverished.
3.
Galbraith argues that economic decisions are planned by a private bureaucracy, a technostructure of experts who manipulate marketing and public relations channels.
4.
In her view, " this option which is favoured by the European technostructure, presents all the features of a totalitarian utopia ".
5.
Galbraith argued that economic decisions are planned by a private-bureaucracy, a technostructure of experts who manipulate marketing and public relations channels.
6.
It just prepared them to be a good " native elite ", join the technostructure of society, and steal oneself to riches.
7.
He says that a key aim of the technostructure is to maintain its control over the company, and so it prefers financing via retained profits to bank borrowing; thus returns to shareholders are lowered to ensure the company does not risk its self-reliance.
8.
The internal structures of corporations and companies had been transformed into what he called a " technostructure ", where specialized groups and committees are the primary decision-makers, and specialized managers, directors and financial advisers operate under formal bureaucratic procedures, replacing the individual entrepreneur's role ( see also : Intrapreneurship ).
9.
A third related work was, " Economics and the Public Purpose " ( 1973 ), in which he expanded on these themes by discussing, among other issues, the subservient role of women in the unrewarded management of ever-greater consumption, and the role of the technostructure in the large firm in influencing perceptions of sound economic policy aims.
10.
Galbraith argues that the " industrial system "-by which he means ( in general terms ) the companies which control around two-thirds of output in key sectors of the economy-are controlled in practice by a technostructure rather than shareholders; he claims that the technostructure does not act to maximise profit ( as that involves the risk of failure ) but principally to maintain the organisation and, as a secondary aim, to ensure its further expansion.
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