Economics & Finance

The Culture of Contentment

    Foreword by
  • Jeff Madrick

Paperback

Price:
$22.95 / £18.99
ISBN:
Published:
08/29/2017
Copyright:
2017
Pages:
176
Size:
5.5 x 8.5 in.
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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.