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Wednesday, Oct 20, 2021
Outlook.com

Edge Of Optimism

A grand vision marred by a limited, ethnocentric approach

Edge Of Optimism
Edge Of Optimism
outlookindia.com
-0001-11-30T00:00:00+05:53
A few years ago, John Kenneth Galbraith, one of the most celebrated intellectuals of this century, wrote a perceptive piece in the centenary issue of the Economic Journal, which he called Economics in the Century Ahead. His vision for the discipline as also for the world economy was one of cautious optimism, nay, one of realistic optimism. Moving a few steps ahead, Galbraith has now produced a work in which he expatiates on the arguments he had proffered earlier and thereby draws up the vision of a good society.

In parts the book is absolutely riveting, especially the ones in which the author discusses in great detail the anatomy of a good society and goes on to analyse the numerous social defi-ciencies and the viscera of human con-flicts within society. Galbraith rightly concedes that we are living in an Age of Practical Judgement wherein a lot of socially acceptable and indeed socially nutritious deeds are often left undone because they are considered politically impractical—in other words, a euphemism for protecting a socially adverse interest. As ideology and...

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