3. Why did economist John Kenneth Galbraith believe that America's postwar economy was a new phenomenon?

Question

Jaiden Hood

Social Studies

31 January, 20:27

3. Why did economist John Kenneth Galbraith believe that America's postwar economy was a new phenomenon?

+2

Answers (1)

Know the Answer?

Xavier Coffey · Answer 1

He claimed that it was a new phenomenon because the postwar economy was booming in the US, unlike the rest of the world. As he claims, while there should be scarcity, there's an economy of abundance in the US, which goes against common sense.