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"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 --This text refers to an out of print or unavailable edition of this title.
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WEALTH IS NOT without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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However, I would also like to mention the relationship between this book and "The New Industrial State" (NIS) which Galbraith wrote some years later. The NIS clearly covers much the same ground, whilst incorporating the further development and refinement of Galbraith's thoughts over the following decade. As a result, the NIS has a broader scope and offers a more complete picture of a modern (as of 1970ish) industrial economy -- but is also a little less accessible and undoubtedly a "heavier" read. If you have read and enjoyed "The Affluent Society", then the NIS would be an excellent next step, in which the ideas presented here are refined and expanded, but "The Affluent Society" is a great place to start.
The author started by critically appraising established economic ideas which he called "conventional wisdom". He went on to discuss the inherent flaws in accepting production as the most important goal of society. He then examined the concept of want creation, the ever inceasing problem of consumer debt, economic security, economic inequality and poverty.
The main reason why i enjoyed the book it its language and message. I have never had the priviledge of reading a better written economics book. This is a book for all. Whether you an expert, a student or someone interested in the progress of his society, you will find this book interesting and worth the effort.
Finally, the concluding remark by the author is a message i strongly identify with. He called on society to make it its goal the eradication of poverty and to control the production of weapons of mass destruction. As someone who resides in a developing country, where affluence exist side by side with extreme poverty, the goal of eradicating poverty is one which i fervently hope the leadership of my country will adopt.
Galbraith is an economist who is untouchable in his field of work and it shows in the Affluent Society. A stunningly written piece, full of intelligent answers to questions others daren't ask. What makes his work stand out is how he makes it relevent to every aspect of society and many famous economists of the past and present.
Any right-wingers or neo-liberals who dare to bad mouth Galbraith better read this book first and come up with some good answers as to why they disagree. I have read work from all positions of the economic spectrum and still havent found a single person that can outdo Galbraith and theres not a better example of his genius than here.
His work is also very accessible to even the most novice on the subject and theres not one boring page in the book. If you are a libertarian socialist looking for answers, don't get bogged down in Marx's Capital, go for this book, or at least start with it.
D Campbell, Surrey
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