Economist John Maynard Keynes predicted in 1930 that technological advances would lead to 3-hour workdays and a society focused on leisure and personal development. However, increased consumption, unequal distribution of productivity gains, and the creation of new needs have prevented this utopian vision from materializing.
Economic historian and politician who was a leading authority on the life and work of John Maynard KeynesIn the summer of 2008, Robert Skidelsky, who has died aged 86, thought he was done with John Maynard Keynes. Having devoted two decades to writing his biography of the foremost British economist of the 20th century, he was turning his attention to other interests.For Skidelsky, completing the three volumes had been a labour of love. He had moved into Keynes’s Sussex home so that he would pick up the right vibes, configuring the study so that it looked as it had in the 1930s. He wrote at the same desk that Keynes had used. Continue reading...
