WHY HASN’T ECONOMIC PROGRESS LOWERED WORK HOURS MORE?*

Volume: 34, Issue: 2, Pages: 190 - 212
Published: Jan 1, 2017
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
Volume
34
Issue
2
Pages
190 - 212
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