Revisiting Keynes: Economic Possibilities for Our Grandchildren

Revisiting Keynes: Economic Possibilities for Our Grandchildren

by Lorenzo Pecchi
     
 

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In 1931 distinguished economist John Maynard Keynes published a short essay, "Economic Possibilities for Our Grandchildren," in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. In Revisiting Keynes, leading contemporary economists… See more details below

Overview

In 1931 distinguished economist John Maynard Keynes published a short essay, "Economic Possibilities for Our Grandchildren," in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. In Revisiting Keynes, leading contemporary economists consider what Keynes got right in his essay - the rise in the standard of living, for example - and what he got wrong - such as a shortened work week and consumer satiation. In so doing, they raise challenging questions about the world economy and contemporary lifestyles in the twenty-first century.

Editorial Reviews

From the Publisher
"The differences in the contributors' research backgrounds and disposition toward Keynesian ideas add richness to the analysis as they bring their own perspectives to bear on Keynes' work and most readers will likely agree that the book could not be more timely." Linda K. Carter EH.Net
Economic History Review - John Toye

In this book, Keynes's essay (which says as much about his outsider-insider position in the Bloomsbury Group as anything else) serves as the ink blot in a Rorschach test for leading contemporary economists. Their interpretations of it reveal some of their underlying attitudes to economy and society, just as he revealed his when he wrote it.

EH.Net - Linda K. Carter

The differences in the contributors' research backgrounds and disposition toward Keynesian ideas add richness to the analysis as they bring their own perspectives to bear on Keynes' work and most readers will likely agree that the book could not be more timely.

Product Details

ISBN-13:
9780262162494
Publisher:
MIT Press
Publication date:
09/30/2008
Pages:
232
Product dimensions:
6.10(w) x 9.10(h) x 0.70(d)
Age Range:
18 Years

What People are saying about this

Mark Casson

This highly original book provides a fresh perspective on the modern global economy. Taking Keynes's prediction of the capitalist twenty-first century as a benchmark, it contrasts the leisure-seeking stationary state envisaged by Keynes with the workaholic dynamism of today. Revisiting Keynes will appeal to anyone interested in globalization -- and especially to those who worry about the future of their children and grandchildren

From the Publisher
"In this book, Keynes's essay (which says as much about his outsider-insider position in the Bloomsbury Group as anything else) serves as the ink blot in a Rorschach test for leading contemporary economists. Their interpretations of it reveal some of their underlying attitudes to economy and society, just as he revealed his when he wrote it." John Toye Economic History Review

The MIT Press

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