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

Zilibotti, Fabrizio

doi:10.2139/ssrn.1071710

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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

Centre for Economic Policy Research (CEPR); Yale University

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: Suggested Citation

Zilibotti, Fabrizio and 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