Economic Possibilities for Our Grandchildren - 75 Years After: A Global Perspective

University of Zurich, Institute for Empirical Research in Economics Working Paper Series No. 344

13 Pages Posted: 13 Dec 2007

See all articles by Fabrizio Zilibotti

Fabrizio Zilibotti

Yale University; Centre for Economic Policy Research (CEPR)

Date Written: December 1, 2007

Abstract

In the heart of the Great Crisis, amidst great uncertainty and concerns surrounding the future of capitalism, John Maynard Keynes launched his optimistic prophecy that growth and technological change would allow mankind to solve its economic problem within a century. He envisioned a world where people would work much less and be less oppressed by the satisfaction of material needs. To what extent have his predictions turned out to be accurate? This essays attempts to provide some answers.

Keywords: Capitalism, Consumption, Environmental Sustainability, Growth, Keynes, Leisure

JEL Classification: B31, E12, E66, I31, J22

Suggested Citation

Zilibotti, Fabrizio, Economic Possibilities for Our Grandchildren - 75 Years After: A Global Perspective (December 1, 2007). University of Zurich, Institute for Empirical Research in Economics Working Paper Series No. 344, Available at SSRN: https://ssrn.com/abstract=1071710 or http://dx.doi.org/10.2139/ssrn.1071710

Fabrizio Zilibotti (Contact Author)

Yale University ( email )

New Haven, CT 06520
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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