“Very important functions can be performed very wastefully and often are.”
Source: The Affluent Society (1958), Chapter 17, Section I, p. 190
Quotes from book
The Affluent Society
The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith. The book sought to clearly outline the manner in which the post–World War II United States was becoming wealthy in the private sector but remained poor in the public sector, lacking social and physical infrastructure, and perpetuating income disparities. The book sparked much public discussion at the time. It is also credited with popularizing the term "conventional wisdom". Many of the ideas presented were later expanded and refined in Galbraith's 1967 book, The New Industrial State.
“It is in the long run that the corporation lives.”
Source: The Affluent Society (1958), Chapter 15, Section IV, p. 172
