The Culture of Contentment - Softcover

Galbraith, John Kenneth; Madrick, Jeff

Softcover

ISBN 10: 0691171653 ISBN 13: 9780691171654

Publisher: Princeton University Press, 2017

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.

About this title

Review:

"The Culture of Contentment's core message about rising inequality, lessened economic mobility, and the serene self-satisfaction of those favored by such has been echoed and amplified endlessly in the last decade but rarely so elegantly and deftly."--Richard Parker, Harvard Kennedy School

"Thought-provoking."--Kirkus Reviews

About the Author:

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).

About this edition

• Publisher: Princeton University Press
• Publication date: 2017
• ISBN 10: 0691171653
• ISBN 13: 9780691171654
• Binding: Paperback
• Number of pages: 176