Abstract
As a professional economist, I am honoured to have been invited to participate in a sustained inquiry into "man in the modern age" -for we economists are accustomed to being excluded from exercises of this kind, on the grounds that we persistently spoil the fun by dogmatically insisting on the harsh restraints on man's freedom of action assumed by our discipline. I can promise you that I do not intend to sin in that direction. On the contrary, I shall take as my point of departure the proposition that the society in which we live has attained that happy economic condition which J. K. Galbraith has indelibly branded as a£Huent, but which I prefe r for my own reasons to describe as opulent-and which in the vast majority of the countries of the world would be described simply (and enviously) as "developed." In accordance with the general theme of this programme, "Directions of Development in Modern Society," I shall concern myself with emerging concepts, trends, and problems connected with opulence. My title is "Economics and Politics of Opulence," because these are the main areas I wish to discuss, but I shall also have something to say about the social and personal implications of opulence.
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