During the 1950s, the American economy endured modifications that some critics did not necessarily agree with. For instance, one particular topic of debate regarded whether poverty was a significant problem and whether its basis’ existed largely from an economic or personal position. One liberal economist, John Galbraith, who contributed to the discipline of economics disputed that the United States resolved the issue of manufacturing adequately for one and all. As a matter of fact, advertisers produced fictitious needs to encourage buying (Allberry 2012).
Consequently, Galbraith made a decent attempt to shift economic policy from its fixation with generating more goods. A component of what he labeled the conventional wisdom which is a concern