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The Affluent Society
- Narrated by: Marc Cashman
- Length: 10 hrs and 32 mins
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Publisher's summary
Galbraith's classic on the "economics of abundance" is, in the words of the New York Times, "a compelling challenge to conventional thought". With customary clarity, eloquence, and humor, Galbraith cuts to the heart of what economic security means (and doesn't mean) in today's world and lays bare the hazards of individual and societal complacence about economic inequity.
While "affluent society" and "conventional wisdom" (terms first used in this book) have entered the vernacular, the message of the book has not been so widely embraced - reason enough to rediscover The Affluent Society.
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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A Great Overview of the Challenges of Modern Econ
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50 Economics Classics
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Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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The Economic Consequences of the Peace (1919) was one of the most important documents to come out of World War I – specifically the period of the Armistice and the subsequent settlement negotiations. And, a century on, it remains of particular relevance to our times – an uncompromising and forthright analysis of how international diplomacy can be suffused by personalities, prejudices, personal ambition and outright, uncontrolled feelings of revenge.
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Work of Genius
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The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world's collapse. This was the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constituted a major philosophic revolution. In this series of essays, she presented her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism.
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Ashame this is not taught in our
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What happens when a society is run by people who are antisocial? Welcome to baby boomer America. In A Generation of Sociopaths, Bruce Cannon Gibney shows how America was hijacked by the boomers, a generation whose reckless self-indulgence degraded the foundations of American prosperity.
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Honest introspection required
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In For a New Liberty: The Libertarian Manifesto, Rothbard proposes a once-and-for-all escape from the two major political parties, the ideologies they embrace, and their central plans for using state power against people. Libertarianism is Rothbard's radical alternative that says state power is unworkable and immoral, and ought to be curbed and finally overthrown.
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I'm a Ron Paul Libertarian but this is a good
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
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What listeners say about The Affluent Society
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- Ana Cabrera
- 05-30-21
Galbraith saw today in 20/20 foresight.
As compelling today as 40 years ago; perhaps more. Book still holds the same warnings as 40 years ago.
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- Munair
- 06-18-22
Good 20+ years after the 40th anniversary edition
This work is ultimately super enjoyable and the product of a man that has a great deal of compassion for the less fortunate individuals suffering economically in an advanced ("affluent") country like the United States of America in 1998.
Everyone elected and making macroeconomic decisions in the USA should be exposed to his ideas here.
Sadly, his ideas aren't presented in the most easily understood English (thus 4 stars). Fortunately, possessing a PhD in economics isn't essential to understand that "circumstances" have changed since the days Adam Smith, David Ricardo, and Thomas Robert Malthus first codified classical liberalism (i.e. the sacrosanctity of free markets and laissez-faire economics).
There are very compelling arguments against the sacrosanctity of free markets and laissez-faire economics here. He doesn't say classical liberalism is *wrong*, only that times have changed since its intellectual foundations were erected. The arguments are tastefully expressed and do not tarnish the contributions of Smith, Ricardo, or Malthus.
Neither are the arguments Marxist (in terms of heralding the end of capitalism). Nor are they Keynesian (in the sense of making production sacrosanct). The argument is mostly about understanding that society's needs have changed since 1776 (when the "Wealth of Nations" was published) and even since the days Marx and Keynes made their monumental contributions.
John Kenneth Galbraith takes economics back to its humble origins as a moral philosophy. I love that about this educational and enlightening essay on inequality and how it may be resolved.
WARNING: This work may require readers to possess a level of consciousness and morality that is in scare supply in 2022.
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