The Age of Uncertainty is a (Rare & Unseen 1977 documentary series), co-produced by the BBC, CBC, KCET and OECA, and written and presented by Harvard economist John Kenneth Galbraith. Galbraith fully acknowledged the successes of the market system in economics but associated it with instability, inefficiency and social inequity. He advocated government policies and interventions to remedy these perceived faults.[1] In his book Economics and the Public Purpose (1973) he proposed the extension of the planning system used in the industrial core of the economy to the wider market economy. He argued for a new socialism, with more steeply progressive taxes, public housing, medical care and transportation, public support of the arts and the conversion of some corporations and military contractors into public corporations.
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