Table of Contents

Forward by Tibor Scitovsky. 1. Introduction Part I. The Neglected Realm of Social Scarcity 2. A Duality in the Growth Potential 3. The Material Economy and the Positional Economy 4. The Ambiguity of Economic Output Part II. The Commercialization Bias 5. The Economics of Bad Neighbours 6. The New Commodity Fetishism 7. A First Summary: The Hole in the Affluent Society Part III. The Depleting Moral Legacy 8. An Overload on the Mixed Economy 9. Political Keynesianism and the Managed Market 10. The Moral Re-entry 11. The Lost Legitimacy and the Distributional Compulsion Part IV. Perspective and Conclusions 12. The Liberal Market as a Transition Case 13. Inferences for Policy

About the Author

Fred Hirsch was formerly Professor of International studies at the University of Warwick, UK. He died in 1978.