Sunday, February 22, 2004

Predicting our future

I came across a fascinating article entitled, Economic Possibilities of Our Grandparents, written by Karl Wilderquist. In it, Wildercrist discusses a paper published by John Maynard Keynes in 1930. Keynes' goal was to predict what he thought would happen economically in the future. Looking back at Keynes' work 75 years later is fascinating because Keynes was completely wrong.

According to the article:Think about your own life, and think about life in the United States in general. Are we anywhere near a 15 hour work week? No... actually, we are heading in the opposite direction. We are heading toward a 60-hour work week. See this page for details.

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