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In this vigorous polemic John Kenneth Galbraith, a lifelong critic of unbridled corporate power, distils years of expertise to deliver a scathing attack on the modern financial system.    Sounding the alarm on the gap between 'conventional wisdom' - a phrase he coined - and reality, Galbraith warns that the private sector and the public realm are becoming increasingly intertwined. He shows how politics and the media have colluded in the myth of a benign market system, accepting obscene pay gaps and unrestrained self-enrichment - ultimately meaning that we have come to condone legal, legitimate, 'innocent' fraud.     'An almost indecently pleasurable read'    The Times    'I agree with Galbraith. 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The Great Crash 1929 examines the causes, effects, aftermath and long-term consequences of America's infamous financial meltdown, showing how rampant speculation and blind optimism sustained a market mania, and led to its terrible downward spiral. Galbraith also describes the people and the corporations at the heart of the financial community, and how they were affected by the disaster.    With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, this penetrating study of human greed and folly contains lessons that are still vital today - and are now more relevant than ever.    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As relevant today as when it was first published over forty years ago, this newly updated edition of Galbraith's classic text on the 'economics of abundance', lays bare the hazards of individual and social complacency about economic inequality.     Why worship work and productivity if many of the goods we produce are superfluous - artificial 'needs' created by high-pressure advertising? Why begrudge expenditure on vital public works while ignoring waste and extravagance in the private sector of the economy? Classical economics was born in a harsh world of mass poverty, and has left us with a set of preconceptions ill-adapted to the realities of our own richer age. And so, too often, 'the bland lead the bland'. Our unfamiliar problems need a new approach, and the reception given to this famous book has shown the value of its fresh, lively ideas.    'A compelling challenge to conventional thought'   The New York Times    'He shows himself a truly sensitive and civilized man, whose ideas are grounded in the common culture of the two continents, and may serve as a link between them; his book is of foremost importance for them both'   The Times Literary Supplement    John Kenneth Galbraith (1908-2006) was a Canadian-American economist. A Keynesian and an institutionalist, Galbraith was a leading proponent of 20th-century American liberalism and progressivism. 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