WHY HASN’T ECONOMIC PROGRESS LOWERED WORK HOURS MORE?*
Abstract
Why hasn’t economic progress lowered work hours more? One of Keynes’s most famous essays is his “Economic Possibilities for Our Grandchildren.” Keynes predicts that within one hundred years — which would bring us to 2030 — most scarcity will have disappeared and most individuals will work no more than fifteen hours a week. My question is a simple one: Why wasn’t Keynes right? Why have working hours remained as long as they have? Why hasn’t...
Paper Details
Title
WHY HASN’T ECONOMIC PROGRESS LOWERED WORK HOURS MORE?*
Published Date
Jan 1, 2017
Journal
Volume
34
Issue
2
Pages
190 - 212
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Notes
History