Affluent Society

ISBN-10: 0395925002
ISBN-13: 9780395925003
Edition: 40th 1997 (Anniversary)
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Description: Galbraith's classic on the "economics of abundance" is, in the words of the New York Times, "a compelling challenge to conventional thought." With customary clarity, eloquence, and humor, Galbraith cuts to the heart of what economic security means  More...

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Book details

List price: $15.00
Edition: 40th
Copyright year: 1997
Publisher: Houghton Mifflin Harcourt Publishing Company
Publication date: 10/15/1998
Binding: Paperback
Pages: 288
Size: 5.50" wide x 8.25" long x 0.75" tall
Weight: 0.836
Language: English

Galbraith's classic on the "economics of abundance" is, in the words of the New York Times, "a compelling challenge to conventional thought." With 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 individual and societal complacence about economic inequity. While "affluent society" and "conventional wisdom" (first used in this book) have entered the vernacular, the message of the book has not been so widely embraced--reason enough to rediscover The Affluent Society.

John Kenneth Galbraith is a Canadian-born American economist who is perhaps the most widely read economist in the world. He taught at Harvard from 1934-1939 and then again from 1949-1975. An adviser to President John F. Kennedy, he served from 1961 to 1963 as U.S. ambassador to India. His style and wit in writing and his frequent media appearances have contributed greatly to his fame as an economist. Galbraith believes that it is not sufficient for government to manage the level of effective demand; government must manage the market itself. Galbraith stated in American Capitalism (1952) that the market is far from competitive, and governments and labor unions must serve as "countervailing power." He believes that ultimately "producer sovereignty" takes the place of consumer sovereignty and the producer - not the consumer - becomes ruler of the marketplace.

Introduction to the Fortieth Anniversary Edition
The Affluent Society
The Concept of the Conventional Wisdom
Economics and the Tradition of Despair
The Uncertain Reassurance
The American Mood
The Marxian Pall
Inequality
Economic Security
The Paramount Position of Production
The Imperatives of Consumer Demand
The Dependence Effect
The Vested Interest in Output
The Bill Collector Cometh
Inflation
The Monetary Illusion
Production and Price Stability
The Theory of Social Balance
The Investment Balance
The Transition
The Divorce of Production from Security
The Redress of Balance
The Position of Poverty
Labor, Leisure and the New Class
On Security and Survival
Afterword
Index

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