Dollars & Sense, November 1st, 1999
In the first publication of The Affluent Society, there are a couple of matters on which I can reasonably claim foresight. One is the distribution and maldistribution of money and effort between the public on one hand, and private living standards on the other.
Forty years ago I stressed the compelling difference between these two areas. We had expensive radio and television and poor schools, clean houses and filthy streets, weak public services combined with deep concern for what the government spent. Public outlays were a bad and burdensome thing; affluent private expenditure was an economi...
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