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The Imperatives of Consumer Demand (as published in the Consumer Society)

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The Imperatives of Consumer Demand (as published in the Consumer Society)
Author(s)Galbraith, John Kenneth
AbstractA high level of production has been the keystone of effective economic security. There remains, however, the task of justifying the resulting flow of goods. The result has been an elaborate and ingenious defense of the importance of production as such. It is a defense that makes the urgency of production largely independent of the volume of production. Thus a sense of urgency has been transferred from a world in which more production meant more food for the hungry, more clothing for the poor, and more houses for the homeless to a world where increased output satisfies the craving for more elegant automobiles, more exotic food, more erotic clothing, and more elaborate entertainment. Although the economic theory that defends these desires, and hence the production that supplies them, has an impeccable (and, to an astonishing degree, even unchallenged) position in the conventional wisdom, it is illogical and meretricious as well as even dangerous.
Pages114-121
IssueNo
ArticleAccess to Article Summary Article
SourceThe Affluent Society
VolumeNo
PubDate1998
ISBN_ISSN0395925002

Frontier Issues in Economic Thought

  • Volume 1: A Survey of Ecological Economics
  • Volume 2: The Consumer Society
  • Volume 3: Human Well-Being and Economic Goals
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  • Volume 5: The Political Economy of Inequality
  • Volume 6: A Survey of Sustainable Development


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