”Economic Possibilities for Our Grandchildren” 75 Years after: A Global Perspective
AbstractIn 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.
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Bibliographic InfoPaper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 344.
Date of creation: Dec 2007
Date of revision:
Capitalism; Consumption; Environmental Sustainability; Growth; Keynes; Leisure.;
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-09 (All new papers)
- NEP-ENV-2008-02-09 (Environmental Economics)
- NEP-HIS-2008-02-09 (Business, Economic & Financial History)
- NEP-HPE-2008-02-09 (History & Philosophy of Economics)
- NEP-MAC-2008-02-09 (Macroeconomics)
- NEP-PKE-2008-02-09 (Post Keynesian Economics)
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- Christian Schubert, 2009. "Welfare Creation and Destruction in a Schumpeterian World," Papers on Economics and Evolution 2009-14, Max Planck Institute of Economics, Evolutionary Economics Group.
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