A review by stevenk
The Affluent Society by John Kenneth Galbraith

4.0

This book is widely credited with popularizing the term "conventional wisdom" to describe the dominant theory or popular opinion. Galbraith argues that traditional economic theory the "central tradition" does not accurately model the economy of an affluent society having been developed in a time when poverty was much more prevalent. He also argues that using the production of an economy as the measure of success doesn't sufficiently take into consideration the differences in the items produced or public sector production. An easy to read and understand book on economics that does a good job of informing you of the basis of Galbraith's theories of taxation and government policy. If you agree with his conclusions or not this book will help you understand economic theory better.