Jump to ContentJump to Main Navigation
The Affluent Society Revisited$
Users without a subscription are not able to see the full content.

Mike Berry

Print publication date: 2013

Print ISBN-13: 9780199686506

Published to Oxford Scholarship Online: January 2014

DOI: 10.1093/acprof:oso/9780199686506.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 09 August 2020

Economic Security *

Economic Security *

(p.51) 5 Economic Security*
The Affluent Society Revisited

Mike Berry

Oxford University Press

A key plank of Galbraith’s argument concerning the impact of affluence on contemporary society was the claim that the age-old problem of economic insecurity had all but disappeared as a factor in most people’s lives, especially in the America of his day. Developments since he wrote – particularly since the 1970s – have fatally undermined this bold position, at both the micro level of household and firm and the macro level of the economy at large. This chapter outlines the Galbraithian argument and then analyses the way recent developments have systematically undermined or reversed the forces he pointed to as driving the change to universal security. This discussion allows us to focus on the genesis and outcomes of the continuing trend to greater insecurity that characterizes the twenty-first century looking forward.

Keywords:   Economic Insecurity, great risk shift, precarious income, casualisation, mortgage stress, social insurance, bail-out, systemic crisis, market failure, business cycle

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .