The Affluent Society Revisited

Paperback | December 12, 2015

byMike Berry

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This book revisits John Kenneth Galbraith's classic text The Affluent Society in the context of the background to, and causes of, the global economic crisis that erupted in 2008. Each chapter takes a major theme of Galbraith's book, distils his arguments, and then discusses to what extent theycast light on current developments, both in developed economies and in the economics discipline. The themes include: inequality, insecurity, inflation, debt, consumer behaviour, financialization, the economic role of government ("social balance"), the power of ideas, the role of power in theeconomy, and the nature of the good society. It considers the current problems of capitalism and the huge challenges facing democratic governments in tackling them. Written in non-technical language, this book is accessible to students of economics and the social sciences as well as to those who would have read The Affluent Society and the general reader interested in contemporary affairs and public policy.

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This book revisits John Kenneth Galbraith's classic text The Affluent Society in the context of the background to, and causes of, the global economic crisis that erupted in 2008. Each chapter takes a major theme of Galbraith's book, distils his arguments, and then discusses to what extent theycast light on current developments, both in...

Mike Berry is Emeritus Professor at RMIT University, Melbourne Australia, where he was for many years Professor of Urban Studies and Public Policy. He is a frequent adviser to state and federal governments in Australia and has had visiting positions at a number of international institutions, including Rutgers University, Lund Universi...

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Format:PaperbackDimensions:224 pages, 9.21 × 6.14 × 0.01 inPublished:December 12, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198746423

ISBN - 13:9780198746423

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Table of Contents

Preface1. Why Revisit The Affluent Society?2. The Power of Ideas: Reflections on the Conventional Wisdom3. The Central Tradition4. Inequality5. Economic Security6. The Ambiguities of Production7. The Dethroned Consumer8. Inflation9. Debt10. The Theory of Social Balance11. Switching Tracks12. The Idea of Power13. The Moral Order14. Concluding ThoughtsA Reader's Guide

Editorial Reviews

"Berry has written an accessible book for students of economics and the social sciences as well as for general readers interested in contemporary affairs and public policy ... Highly recommended." --CHOICE