Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context.
21 December 2012
“Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.”
This is the opening sentence of Chapter 1 of “The Affluent Society”, published in 1958, by Canadian-born Keynsian economist John Kenneth Galbraith (1908-2006), who for half a century was Professor of Economics at Harvard University in Cambridge, Massachusetts. In politics Galbraith was a liberal Democrat. He served President John F. Kennedy as US Ambassador to India from 1961 to 1963.
You might perhaps care to view some of our earlier posts. For instance:
1. Why? or How? That is the question (3 Jan 2012)
2. Partitocracy v. Democracy (20 July 2012)
3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)
4. Capitalism in practice (4 July 2012)
5.Ladder (21 June 2012)
6. A tale of two cities (1) (6 June 2012)
7. A tale of two cities (2) (7 June 2012)
8. Where’s the beef? Ontology and tinned meat (31 Jan 2012)
Every so often we shall change this sample of previously published posts.