Download The Affluent Society, by John Kenneth Galbraith
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The Affluent Society, by John Kenneth Galbraith
Download The Affluent Society, by John Kenneth Galbraith
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With 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, The Affluent Society is as relevant today on the question of wealth in America as it was in 1958.
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Product details
Mass Market Paperback: 259 pages
Publisher: Mentor (1957)
Language: English
ASIN: B000CNTRG8
Package Dimensions:
7 x 4.2 x 0.6 inches
Shipping Weight: 5.6 ounces
Average Customer Review:
4.4 out of 5 stars
42 customer reviews
Amazon Best Sellers Rank:
#390,065 in Books (See Top 100 in Books)
There is a glaring blind spot among Conservative economists who speak breathlessly about freedom and distribution of power yet completely ignore the threat brought on by the disparity of wealth. The growing gap was what Marx saw as the eventual destroyer of Capitalism. Conservatives, on the other hand, see the disparity not as a problem but as a solution to pure democracy where a street sweeper has the same one vote as a CEO. Extreme wealth puts the power back in the hands of the people most capable of wielding it.Mr. Galbraith takes a look back at the evolution of economics starting with the early belief that the average worker would always earn just enough to survive and perhaps raise a family. Later Herbert Spencer expounded his Social Darwinian view of economics that has shown a resurgence in the last few decades. The original view was that social programs literally allow inferior genetic lines to procreate and dilute society. It was the collapse of the stock market in the 1930's that put Social Darwinism on the back burner. Although Marx correctly predicted the collapse, the economy recovered and the increasing disparity never created a revolution in the United States. This, however, may have been thanks to the many wealth redistribution programs created after the Great Depression. The author also points out that there is more of a physical separation between the economic strata's and ostentatious displays of wealth have become at best passé at worst vulgar.The book punches a hole in the theory that productivity declines as worker security increases. One need only look at the dramatic rise in both production and security after World War II. As Mr. Galbraith points out it's always the OTHER guy who should give up security. Corporations and corporate heads work to create a broad cushion of support for themselves while decrying additional safeguards for workers as wasteful of needed capital. Although the author generally supports growth over wealth distribution as a way to improve society he is far more pragmatic than Conservative economists. Unlike right wing ideologists, Mr. Galbraith recognizes that the market often focuses on the things society needs least. There will always be a need for balance between public and private funding in particular for large scale research projects and public goods like education that the market shows a lack of interest in. The author doesn't seemed to have the same mystical reverence for market forces that some economists exhibit. He also has little respect for the federal reserves ability to even out market fluctuations using monetary policy (conservatives) or fiscal policy (liberals). Even with his support of business growth Mr. Galbraith recognizes that growth obsession can be a dangerous thing for, among other things, creating increasingly unmanageable debt in a heavily consumption based society.There seems to be a definite slant in economics towards the desires of the business class which includes worshipping at the altar of deregulated, free market Capitalism. John Kenneth Galbraith is a refreshingly non-ideological view of economics which actually recognizes that perhaps it's better to offer opportunities to the poor rather than kicks to the teeth to encourage growth out of poverty.
Used at Western Washington University in 2011. Certainly a more liberal view of economics, but one worth reading and thinking deeply about. It's interesting how many of these topics have come even more to the forefront in the last 5 years, and how the discussion has changed, evolved, and collapsed in some cases. Readers of this book should not be limited to economists - it is relevant to all of us and valuable to learn more.Like most people, I rely on honest product reviews to make purchase decisions. Because the experience of others has been so helpful to me, I try to provide honest, helpful reviews to assist other shoppers in selecting the right products for them. I hope my review has been helpful to you!
An excellent introduction to popular economics as well as an important source book for the questioning phrase the conventional wisdom, a concept which remains as an important reminder now as it was over 50 years ago
Very educational - loved this!
Galbraith a genius, an eloquent master craftsman of the English language and clear-headed analyst of the preposterous myths of American capitalism.
Great book , interesting read
I bought this book because the description said "Used like New". Turned out to be a tattered old book with pages all browned and dogeared!I'm returning the book and would like a replacement which should be really "like New".
excellent!
I was disappointed when I first received this book because I was searching for the Easton Press version of the same book. The picture that is shown is an Easton Press version of this book. That is a very difficult thing for me about AMAZON is that they don't distinguish much between books for collectors. Now that being said... The Franklin Press Version is a very nice book and it was just as described. (Other than that the seller didn't distinguish that this was a Franklin Press Book).
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