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John Kenneth Galbraith - one of the largest and most influential American economists - was born in 1908 Canada. He graduated from the University of Toronto, received his Ph.D. from the University of California. He taught at several universities in the United States. In 1941 - 1943 gg. - An employee of the Office of price control in 1961 - 1963 gg. - U.S. Ambassador to India. Galbraith - one of the prominent representatives of institutionalism. In their scientific works Galbraith studied the trends and the consolidation of industrial and manufacturing, which led to the formation of giant corporations (joint stock companies). He showed that corporations achieve the highest production success through the use of modern techniques and technologies and the rise to leadership of the enterprises so-called technostructure - technicians, administrators. Related to this is strengthening the planning of economic development, which, according to Galbraith, is replaced by a market economy. As a result, the society formed two systems - the market system, comprising mostly small farms, and the planning system ", which includes corporations, interacting with the state. On the basis of a qualitatively changed in the XX century. the objective conditions of economic development, Galbraith refutes the outdated assumptions of neoclassicism: the subordination of the objectives of the economic interests of the individual, free and perfect competition, small producers, the market self-regulation of the national economy, the benefits of business sole proprietors, the connection in the person of the entrepreneur owner, the organizer of production and the recipient's income. These views on the current economic reality Galbraith in the book "The New Industrial Society" (1967) and "Economic theory and goals of society" (1978). The following are the main provisions of these works. New Industrial State I. Change and the industrial system Galbraith notes the following major innovations and changes in the economic life in the XX century: 1. Application of an increasingly complex and sophisticated technology in the sphere of material production associated with consolidation of production. Sun? that require large investments of capital, as well as highly qualified professionals. Of these changes imply the need for and possibility of large economic organizations. But such organizations are able to attract the necessary capital for modern production, and only they can mobilize the labor required qualifications.