The Affluent SocietyWith customary clarity, eloquence, and humor, Harvard economist John Kenneth Galbraith gets at the heart of what economic security means in "The Affluent Society." Warning against individual and societal complacence about economic inequity, he offers an economic model for investing in public wealth that challenges "conventional wisdom" (a phrase he coined that has since entered our vernacular) about the long-term value of a production-based economy and the true nature of poverty. Both politically divisive and remarkably prescient, |
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accepted Adam Smith advance advertising Affluent Society Alfred Marshall American American liberalism attitudes become business cycle businessmen capacity capital central tradition century CHAPTER concern conflict consequence conservatives consumer conventional wisdom corporation countries David Ricardo decline demand depression economic security economists effect efficiency effort equality expanding expenditures fact firms goal growth Herbert Spencer Houghton Mifflin ideas important increased output increased production individual industry inequality inflation insecurity interest investment Keynes Keynesian labor force less liberal Malthus market revival Marx Marx's matter measures misfortune modern monetary policy percent political poor poverty prestige private production problem progress protection public services reason reduce regarded result Ricardian Ricardo rich role social balance Social Darwinism Social Darwinists spending stability supply survival tendency things thought tion unemployment United urgency Veblen wages wants wealth William Graham Sumner workers World War II