John Kenneth Galbraith (October 15, 1908 - April 29, 2006), also known as Ken Galbraith, was a Canadian-born economist, public official, and diplomat, and a leading proponent of 20th-century American liberalism. His books on economic topics were bestsellers from the 1950s through the 2000s, during which time Galbraith fulfilled the role of public intellectual. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.
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What is called a high standard of living consists in considerable measure of arrangements for avoiding muscular energy, increasing sensual pleasure, and enhancing caloric intake beyond any conceivable nutritional requirement. Nonetheless, the belief that increased production is a worthy social goal is very nearly absolute.
I am not quite sure what the advantage is in having a few more dollars to spend if the air is too dirty to breathe, the water is too polluted to drink, the commuters are losing out in the struggle to get in and out of the city, the streets are filthy, the schools are so bad that the young perhaps wisely stay away, and the hoodlums roll citizens for some of the dollars they saved in the tax cut.