What explain mass poverty in the Society on one end and opluence and prosperity on the other
Answers
The Affluent Society (1958), John Kenneth Galbraith's most broadly influential book, stands out among works of economic analysis for its accessible writing style, which makes complex economic concepts and arguments understandable to the popular reader. Galbraith's phrase "conventional wisdom," a key concept introduced in The Affluent Society, has entered common parlance so pervasively that it is now used to describe a variety of concepts not necessarily related to economic theory
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The characteristics of Mass poverty is a means for finding a root cause for and solutions to poverty.
BY differentiating "case poverty" from "mass poverty", It was revealed and largely observed in rural areas of the developing countries.
Economist Galbraith discusses a wide variety of different explanations to find a reason of poverty, e.g. climate, geography, access to a port, raw materials, culture or political condition.
A typical example is his comparison of the experience of two train journeys in eastern Europe in 1860 and 1960.
He points out that the effect of communism on economics was rather limited—on the cause of poverty.