home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
The Epic Interactive Encyclopedia 1997
/
The_Epic_Interactive_Encyclopedia_97.iso
/
a
/
affluent_society
/
infotext
< prev
Wrap
Text File
|
1992-09-02
|
527b
|
14 lines
A society in which most people have money
left over after satisfying their basic needs
such as food and shelter. They are then able
to decide how to spend their excess
(`disposable') income, and become
`consumers'. The term was popularized by the
US economist John Kenneth Galbraith.
Galbraith used the term to describe the
Western industrialized nations, particularly
the USA, in his book The Affluent Society
1958, in which he advocated using more of the
nation's wealth for public spending and less
for private consumption.