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50 years out of date Austrian economics ( )

I would go so far as to say that this is the sort of book that makes understanding modern economics possible. Give it a shot. It's not your ordinary economics book. ( )

I read this when it was first published in 1967. As part of my freshman Honors Econ course I wrote a blistering critique of what I still consider one of the worst books I have ever read. I argued from the point of view shared by Milton Friedman and other free market thinkers that Galbraith believes in the superiority of aristocracy and in its paternalistic authority, that consumers should not be allowed choice, and that all should be determined by those with "higher minds" - never mind the choices of the individual consumer. Today Paul Krugman, who in ironic fashion criticized Galbraith as well, represents a similar strain in aristocratic economic thought. In this book Galbraith demonstrates the best example of an advocate of "bad" economics. ( )

Remains amazingly relevant nearly 40 years after publication. ( )