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Value oriented portfolio of small cap equity holdings

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Value oriented portfolio of small-mid cap equity holdings

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Value oriented portfolio of all cap equity holdings

October 1, 2022

The Affluent Society

John Kenneth Galbraith

We enjoyed The Great Crash 1929 so much in 2020 that we decided to read Galbraith’s other famous work, The Affluent Society. Professor Galbraith makes the ‘dull science’ anything but with his mastery of history and insightful recommendations. He traces the economics profession back to the ‘founding trinity’ of economics through Adam Smith, David Ricardo, and Thomas Malthus and clearly describes the evolution of social Darwinism on one hand and the more active Keynesian view on the other. He predicts modern monetary theory decades before it emerged in national discussion (our review) and the notion of a basic income to help solve economics’ key issues including production, inequality, and economic security. The book should help any investor think more deeply and clearly as to the role of a productive economy for an affluent society.

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