Examines economist's theories on the affluent state; criticisms; compared to Adam Smith, Malthus, Milton Friedman; political aspects; production; poverty and industrial power.
Written in 1989; 2,025 words; 7 sources; $ 71.95
From the Paper:
" The French political scientist, Alex deToqueville, visited the United States almost 200 hundred years ago for the rare opportunity of examining a foundling nation in an isolated system. America had adopted a political system greatly influenced by European philosophical thought and which could be nurtured free of outside factors like invasion or warfare. Similarly, the economics of free trade were implemented in this isolated system, which developed into America's unique form of capitalism. In The Affluent Society (1958), John Kenneth Galbraith examines American capitalism not only though current (...)"
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