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Revisiting Keynes: Economic Possibilities for Our Grandchildren by Lorenzo Pecchi, Gustavo Piga (Paperback, 2010)

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Author: Lorenzo Pecchi. Contributor: Lorenzo Pecchi (Edited by), Gustavo Piga (Edited by). Format: Paperback. Type: Theory & Philosophy. Item Weight: 295g. Item Width: 10mm. Item Length: 152mm. Item Height: 229mm.

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Leading economists revisit a provocative essay by John Maynard Keynes, debating Keynes's vision of growth, inequality, work, leisure, entrepreneurship, consumerism, and the search for happiness in the twenty-first century. 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. Keynes imagined that by 2030 the standard of living would be dramatically higher; people, liberated from want (and without the desire to consume for the sake of consumption), would work no more than fifteen hours a week, devoting the rest of their time to leisure and culture. 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. The contributors-among them, four Nobel laureates in economics-point out that although Keynes correctly predicted economic growth, he neglected the problems of distribution and inequality. Keynes overestimated the desire of people to stop working and underestimated the pleasures and rewards of work-perhaps basing his idea of economic bliss on the life of the English gentleman or the ideals of his Bloomsbury group friends. In Revisiting Keynes, Keynes's short essay-usually seen as a minor divertissement compared to his other more influential works-becomes the catalyst for a lively debate among some of today's top economists about economic growth, inequality, wealth, work, leisure, culture, and consumerism. Contributors William J. Baumol, Leonardo Becchetti, Gary S. Becker, Michele Boldrin, Jean-Paul Fitoussi, Robert H. Frank, Richard B. Freeman, Benjamin M. Friedman, Axel Leijonhufvud, David K. Levine, Lee E. Ohanian, Edmund S. Phelps, Luis Rayo, Robert Solow, Joseph E. Stiglitz, Fabrizio Zilibotti

Product Identifiers

Publisher
Robert M. Solow, Benjamin M. Friedman, John Maynard Keynes, Axel Leijonhufvud, Lee E. Ohanian, Joseph E. Stiglitz, Fabrizio Zilibotti, Edmund S. Phelps, MIT Press Ltd
ISBN-13
9780262515115
eBay Product ID (ePID)
96799744

Product Key Features

Author
Lorenzo Pecchi, Gustavo Piga
Publication Name
Revisiting Keynes: Economic Possibilities for Our Grandchildren
Format
Paperback
Language
English
Subject
Economics
Publication Year
2010
Type
Textbook
Number of Pages
232 Pages

Dimensions

Item Height
229mm
Item Width
152mm
Item Weight
295g

Additional Product Features

Series Title
The MIT Press
Country/Region of Manufacture
United States
Editor
Lorenzo Pecchi, Gustavo Piga

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item 1 NEW BOOK Revisiting Keynes by Pecchi, Lorenzo (2010)
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item 2 Lorenzo Pecchi Revisiting Keynes (Paperback)
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item 3 Revisiting Keynes: Economic Possibilities for Our Grandchildren (Revisiting
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Revisiting Keynes: Economic Possibilities for Our Grandchildren by Lorenzo Pecchi, Gustavo Piga (Paperback, 2010)

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Product Identifiers

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Additional Product Features

All listings for this product

item 1 NEW BOOK Revisiting Keynes by Pecchi, Lorenzo (2010)

item 2 Lorenzo Pecchi Revisiting Keynes (Paperback)

item 3 Revisiting Keynes: Economic Possibilities for Our Grandchildren (Revisiting

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