A leading economist discusses his theories on social disequilibrium and suggests ways of restoring the economic balance
The influential and celebrated works of America's foremost economist are together for the first time in one volume. Includes "American Capitalism; The Great Crash, 1929; The Affluent Society;" and "The New York Industrial State."
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 they cast 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 the economy, 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.
During an election speech in 1957 the Prime Minister, Harold Macmillan, famously remarked that 'most of our people have never had it so good'. Although taken out of context, this phrase soon came to epitomize the sense of increased affluence and social progress that was prevalent in Britain during the 1950s and 1960s. Yet, despite the recognition that Britain had moved away from an era of rationing and scarcity, to a new age of choice and plenty, there was simultaneously a parallel feeling that the nation was in decline and being economically outstripped by its international competitors. Whilst the study of Britain's postwar history is a well-trodden path, and the paradox of absolute growth versus relative decline much debated, it is here approached in a fresh and rewarding way. Rather than highlighting economic and industrial 'decline', this volume emphasizes the tremendous impact of rising affluence and consumerism on British society. It explores various expressions of affluence: new consumer goods; shifting social and cultural values; changes in popular expectations of policy; shifting popular political behaviour; changing attitudes of politicians towards the electorate; and the representation of affluence in popular culture and advertising. By focusing on the widespread cultural consequences of increasing levels of consumerism, emphasizing growth over decline and recognizing the rising standards of living enjoyed by most Britons, a new and intriguing window is opened on the complexities of this 'golden age'. Contrasting growing consumer expectations and demands against the anxieties of politicians and economists, this book offers all students of the period a new perspective from which to view post-imperial Britain and to question many conventional historical assumptions.
This book studies the world of the Soviet consumer and the specific problems, which arose both for the consumer and the Soviet state in a command economy of chronic shortages. It concentrates on the latter half of the Soviet period, but also the longue durée of Russian consumerism is discussed.
Money is nothing more than what is commonly exchanged for goods or services, so why has understanding it become so complicated? In Money, renowned economist John Kenneth Galbraith cuts through the confusions surrounding the subject to present a compelling and accessible account of a topic that affects us all. He tells the fascinating story of money, the key factors that shaped its development, and the lessons that can be learned from its history. He describes the creation and evolution of monetary systems and explains how finance, credit, and banks work in the global economy. Galbraith also shows that, when it comes to money, nothing is truly new—least of all inflation and fraud.
Presents a study of the stock market crash of 1929 that reveals the influential role of Wall Street on the economic growth of America.
Georg Simmels "Soziologie" (1908) hat auf die Begrifflichkeit und auf die Methoden des Faches in Deutschland sowie im Ausland tief gewirkt. In diesem Buch, das Simmel fünfzehn Jahre Arbeit abverlangt hat, verbindet sich in der Analyse des Gegenstandes die Konstruktion des soziologischen Blicks mit dessen praktischer Anwendung. Was aber bleibt 100 Jahre später von der "Soziologie"? Wie wird sie von den unterschiedlichen Spezialisten der Sozial- und Geisteswissenschaften wahrgenommen? Diese Fragen haben die Herausgeber Geistes- und Gesellschaftswissenschaftlern in unterschiedlichen Ländern gestellt, um zu erfahren, wie sie Simmels "Soziologie" in ihre Arbeit und ihre tägliche Forschungspraxis einbeziehen. Wegen ihrer Konstruktion und ihrer thematischen Vielfalt erweist sich die Soziologie oft als unvollendetes Werk. Die Autoren in diesem Band tragen dieser Unabgeschlossenheit Rechnung, indem auch sie dem Leser keine fertigen Analysen und Konstruktionen, sondern Einblicke in laufende Arbeiten auf verschiedenen Ebenen des gesellschaftlichen Lebens bieten. Damit zeigen sie, wie fruchtbar die "Soziologie" für die zeitgenössischen Untersuchungen der Kultur und der Gesellschaft bleibt, und bieten gleichzeitig eine Einführung in die großen Themen der Disziplin an.
Since its first publication over forty years ago Marshall Sahlins's Stone Age Economics has established itself as a classic of modern anthropology and arguably one of the founding works of anthropological economics. Ambitiously tackling the nature of economic life and how to study it comparatively, Sahlins radically revises traditional views of the hunter-gatherer and so-called primitive societies, revealing them to be the original "affluent society." Sahlins examines notions of production, distribution and exchange in early communities and examines the link between economics and cultural and social factors. A radical study of tribal economies, domestic production for livelihood, and of the submission of domestic production to the material and political demands of society at large, Stone Age Economics regards the economy as a category of culture rather than behaviour, in a class with politics and religion rather than rationality or prudence. Sahlins concludes, controversially, that the experiences of those living in subsistence economies may actually have been better, healthier and more fulfilled than the millions enjoying the affluence and luxury afforded by the economics of modern industrialisation and agriculture. This Routledge Classics edition includes a new foreword by David Graeber, London School of Economics.