• Title: Economic Possibilities for Our Grandchildren
  • Author: John Maynard Keynes
  • ISBN: 9780942153217
  • Page: 432
  • Format: Paperback
  • Economic Possibilities for Our Grandchildren None
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    One Reply to “Economic Possibilities for Our Grandchildren”

    1. An encouraging read until you remember we diverged from Keynes' predicted reality to nightmare reality.

    2. He makes some interesting and almost prescient points here. However, the way he talks about compound interest here is baffling and really deserves to be unpacked. I'm almost certain I came across a book that addresses this point exactly--namely, the almost nonsensical way in which Keynes conceives of compound interest and the endless accumulation of capital--but I can't for the life of me remember which book it is.

    3. In this essay Keynes argued that automation eventually will make most jobs redundant. In fact he predicts that about the year 2000 the average Briton would only not to work 4 hours per week.And he was right at least about the economic growth. If you are prepared to live by the same standards that were average in the 1950s, then you actually can cut your costs and your work hours a great deal. The problem is that we moderns have developed lifestyles that are absurdly lavish by the standards of t [...]

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