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33 The economist John Maynard Keynes predicted in 1930 that his grandchildren would be working roughly fifteen hours a week by the early twenty-first century — and the strange thing is that, technologically, he was approximately correct

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Mal James @ Silicon Canals 1 place · today 09:24 EDT

The economist John Maynard Keynes predicted in 1930 that his grandchildren would be working roughly fifteen hours a week by the early twenty-first century — and the strange thing is that, technologically, he was approximately correct

It is unusual for a prediction to be half right and half wrong at the same time, but that is basically what happened in the case of John Maynard Keynes. The technology arrived. The leisure did not.  In 1930, as British unemployment was climbing toward Depression-era levels, Keynes wrote a short essay called Economic Possibilities ... Read more

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