The Affluent Society
The Affluent Society by John Kenneth Galbraith, published by Houghton Mifflin Harcourt in 1998, is a significant work that explores the dynamics of private wealth and public poverty in postwar America. This Anniversary edition spans 276 pages and presents Galbraith’s insights with clarity and humor, addressing the concept of economic security and the implications of economic inequity in society.
Readers will find a thorough investigation into the relationship between individual wealth and societal well-being, as Galbraith critiques conventional economic wisdom and advocates for a model that prioritizes public investment. The book delves into themes of economic conditions, social history, and the interplay between government and business, making it a thought-provoking examination of wealth distribution and its impact on American life.
Official synopsis Publisher
John Kenneth Galbraith’s classic investigation of private wealth and public poverty in postwar America.
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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