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Keynes wrote a lot of things about economics, not just about government spending. Keynes also wrote about a possible 15 hour work week. From http://www.econ.ya
by mattnewton 7y ago
Keynes wrote a lot of things about economics, not just about government spending. Keynes also wrote about a possible 15 hour work week.
From
http://www.econ.yale.edu/smith/econ116a/keynes1.pdf http://www.econ.yale.edu/smith/econ116a/keynes1.pdf
“... What can we reasonably expect the level of our economic life to be a hundred years hence? What are the economic possibilities for our grandchildren?
...
All this means in the long run that mankind is solving its economic problem. I would predict that the standard of life in progressive countries one hundred years hence will be between four and eight times as high as it is to-day. There would be nothing surprising in this even in the light of our present knowledge. It would not be foolish to contemplate the possibility of afar greater progress still.
...
For many ages to come the old Adam will be so strong in us that everybody will need to do some work if he is to be contented. We shall do more things for ourselves than is usual with the rich to-day, only too glad to have small duties and tasks and routines. But beyond this, we shall endeavour to spread the bread thin on the butter-to make what work there is still to be done to be as widely shared as possible. Three-hour shifts or a fifteen-hour week may put off the problem for a great while. For three hours a day is quite enough to satisfy the old Adam in most of us!
...
Of course there will still be many people with intense, unsatisfied purposiveness who will blindly pursue wealth-unless they can find some plausible substitute. But the rest of us will no longer be under any obligation to applaud and encourage them.
“