Economic Possibilities for Our Overworked Grandchildren
Nearly a century ago, John Maynard Keynes predicted that technological advances would obviate the need for work, ushering in an age of abundance and leisure. Although his prediction was far off the mark, his idealistic vision of creating a more equitable society is more pertinent than ever.
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ITHACA, NEW YORK – In 1930, John Maynard Keynes published his short essay “Economic Possibilities for Our Grandchildren,” in which he outlined his vision of a future global economy characterized by leisure and abundance. As the rapid advance of artificial intelligence threatens to displace millions of workers, it is worth revisiting this brilliant, passionate work.