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.

About John Kenneth Galbraith

John Kenneth Galbraith (October 15, 1908 – April 29, 2006), also known as Ken Galbraith, was a Canadian-American economist, diplomat, public official, and intellectual. His books on economic topics were bestsellers from the 1950s through the 2000s. As an economist, he leaned toward post-Keynesian economics from an institutionalist perspective.