The Culture of Contentment

The Culture of Contentment

by John Kenneth Galbraith (Author), Jeff Madrick (Author)

Synopsis

The world has become increasingly separated into the haves and have-nots. In The Culture of Contentment, renowned economist John Kenneth Galbraith shows how a contented class--not the privileged few but the socially and economically advantaged majority--defend their comfortable status at a cost. Middle-class voting against regulation and increased taxation that would remedy pressing social ills has created a culture of immediate gratification, leading to complacency and hampering long-term progress. Only economic disaster, military action, or the eruption of an angry underclass seem capable of changing the status quo. A groundbreaking critique, The Culture of Contentment shows how the complacent majority captures the political process and determines economic policy.

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More Information

Format: Paperback
Pages: 176
Edition: Reprint
Publisher: Princeton University Press
Published: 05 Sep 2017

ISBN 10: 0691171653
ISBN 13: 9780691171654

Media Reviews
Thought-provoking. --Kirkus
Author Bio
John Kenneth Galbraith (1908-2006) was one of the most influential economists of the twentieth century. He was professor of economics at Harvard University and served as U.S. ambassador to India during the Kennedy administration. He wrote more than fifty books, including American Capitalism, The Affluent Society, and The New Industrial State (Princeton).