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- W1955657819 abstract "This article analyzes Keynes's Economic Possibilities for our Grandchildren an essay presenting Keynes's views about economic growth into the 21st century from the perspective of modern growth theory. I find that the implicit theoretical framework used by Keynes to form his expectations about the 21st century world economy is remarkably close to modern growth models, featuring a stable steady-state growth path driven by technological progress. On the other hand, Keynes's forecast of employment in the 21st century is far off the mark, reflecting a mistaken view that the income elasticity of leisure is much higher than that of consumption." @default.
- W1955657819 created "2016-06-24" @default.
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- W1955657819 date "2008-07-01" @default.
- W1955657819 modified "2023-09-26" @default.
- W1955657819 title "Back to the Future with Keynes" @default.
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