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The Affluent Society (Penguin Business), by John Kenneth Galbraith
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John Kenneth Galbraith's international bestseller The Affluent Society is a witty, graceful and devastating attack on some of our most cherished economic myths. As relevant today as when it was first published over forty years ago, this newly updated edition of Galbraith's classic text on the 'economics of abundance', lays bare the hazards of individual and social complacency about economic inequality. Why worship work and productivity if many of the goods we produce are superfluous - artificial 'needs' created by high-pressure advertising? Why begrudge expenditure on vital public works while ignoring waste and extravagance in the private sector of the economy? Classical economics was born in a harsh world of mass poverty, and has left us with a set of preconceptions ill-adapted to the realities of our own richer age. And so, too often, 'the bland lead the bland'. Our unfamiliar problems need a new approach, and the reception given to this famous book has shown the value of its fresh, lively ideas. 'A compelling challenge to conventional thought' The New York Times 'He shows himself a truly sensitive and civilized man, whose ideas are grounded in the common culture of the two continents, and may serve as a link between them; his book is of foremost importance for them both' The Times Literary Supplement John Kenneth Galbraith (1908-2006) was a Canadian-American economist. A Keynesian and an institutionalist, Galbraith was a leading proponent of 20th-century American liberalism and progressivism. Galbraith was the author of 30 books, including The Economics of Innocent Fraud, The Great Crash: 1929, and A History of Economics.
- Sales Rank: #8872649 in Books
- Published on: 1999-08-05
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x .67" w x 5.08" l, .66 pounds
- Binding: Paperback
- 288 pages
Amazon.com Review
Conventional wisdom has it that John Kenneth Galbraith's The Affluent Society spawned the neoliberalism we see in Bill Clinton, Tony Blair, and other world leaders. The economist's prose, lofty but still easily manageable, laid down the gauntlet for the post-cold war class struggle that was still far in the future in 1958. Galbraith saw the widening gap between the richest and the poorest as an emergent threat to economic stability, and proposed significant investment in parks, transportation, education, and other public amenities--what we now call infrastructure--to ameliorate these differences and postpone depression and revolution indefinitely. Widely criticized by conservatives and libertarians wary of public expenditures or increased government influence, Galbraith still influences liberal and neoliberal thinking. He has acknowledged that his work, like that of most social scientists, contains flaws (like his dire prediction of an out-of-control unemployment and inflation spiral that petered out in the 1980's), but much of it remains fresh and true even today. Four years before Silent Spring, he wrote about the consumerist blight that threatened our wild lands equally as much as our cities; his hoped-for increase in environmental awareness has grown significantly in recent years. Whether you support the political implementations of his views, experiencing his writing is important to put those views in context. More than this, though, it is an honest pleasure to read such original ideas so well expressed. --Rob Lightner
Review
"One of the most gifted writers alive . . . tumbling the tribal Gods of both left and right." Boston Globe
"With his customary clarity, eloquence, and humor, Galbraith cuts to the heart of what economic security means (and doesn't mean) in today's world and lays bare the hazards of complacency about economic inequity." The New York Times
About the Author
John Kenneth Galbraith has written 30 books, spanning four decades. He has been awarded honorary degrees from Harvard, Oxford, the University of Paris and Moscow University. In 1998, he celebrated his 90th birthday. He continues to work as the Paul M Warburg Professor of Economics Emeritus at Harvard University.
Most helpful customer reviews
0 of 0 people found the following review helpful.
College required text
By Bria J
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!
0 of 0 people found the following review helpful.
Great Book...
By Mr. Matthew
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).
0 of 0 people found the following review helpful.
Great book, interesting read
By richard hutchinson
Great book , interesting read
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