Assignment - 3

The Dependence Effect

Introduction

In The Dependence Effect, the author has focus on the theories neoclassical regarding the demand of the product and sovereignty of the consumers in the market. The main of Galbraith was to fight against the affirmation that is based on the conventional wisdom.

Discussion

The dependence effect is a hypothesis, with some reminiscences that runs a heart attack to the neoclassical theory of consumer. The issues were that this new world of business needs new ideas, theories and realties which must be liked with the world we are living today. There is a huge difference between the ...