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
Date Written: December 1, 2007
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: Suggested Citation