He contended that speculation drove the lead-up to Black Tuesday in his history The Great Crash, 1929, and used that book to promote his other ideas, holding that the skewed distribution of wealth provided added instability. He is best known, however, for a work which popularized the phrase "conventional wisdom" and suggested that America would benefit most from investment in the public sector, creating the title environm
He contended that speculation drove the lead-up to Black Tuesday in his history The Great Crash, 1929, and used that book to promote his other ideas, holding that the skewed distribution of wealth provided added instability. He is best known, however, for a work which popularized the phrase "conventional wisdom" and suggested that America would benefit most from investment in the public sector, creating the title environment. For 10 points, identify this Canadian economist and author of The Affluent Society.
He contended that speculation drove the lead-up to Black Tuesday in his history The Great Crash, 1929, and used that book to promote his other ideas, holding that the skewed distribution of wealth provided added instability.
John Kenneth {Galbraith}