The Affluent Society Study Guide

The Affluent Society

The Affluent Society by John Kenneth Galbraith

The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith. The book sought to clearly outline the manner in which the post-World War II United States was becoming wealthy in the private sector but remained poor in the public sector, lacking social and physical infrastructure, and perpetuating income disparities. The book sparked much public discussion at the time. It is also credited with popularizing the term "conventional wisdom." Many of the ideas presented were later expanded and refined in Galbraith's 1967 book, The New Industrial State .

Former U.S. Secretary of Labor Robert Reich called it his favorite on the subject of economics.

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