Description
Wittily, gracefully, devastatingly, Professor Galbraith attacks our most cherished economic myths. Why worship work and productivity if many of the goods we produce are superfluous – artificial ‘needs’ created by high-pressure advertising? Why grudge expenditure on vital public works while ignoring waste and extravagance in the private sector of the economy? Classical economics was born in a harsh world of mass poverty, and it has left us with a set preconceptions hard to adapt to the realities of our own richer age. And so, too often, ‘the bland lead the bland’. Our unfamiliar problems need a new approach, and the reception given to this already famous book has shown the value of its fresh, lively ideas.
