In 1930, a few months after the Great Crash on Wall Street, the British economist John Maynard Keynes penned a remarkable essay. 'The Economic Possibilities for our Grandchildren' is a surprisingly upbeat vision of the future: 'We are suffering just now from a bad attack of economic pessimism. It is common to hear people say that the epoch of enormous economic progress which characterised the nineteenth century is over; that the rapid improvement in the standard of life is now going to slow down – at any rate in Great Britain; that a decline in prosperity is more likely than an improvement in the decade which lies ahead of us.'
The possibilities for our grandchildren
The possibilities for our grandchildren
The possibilities for our grandchildren
In 1930, a few months after the Great Crash on Wall Street, the British economist John Maynard Keynes penned a remarkable essay. 'The Economic Possibilities for our Grandchildren' is a surprisingly upbeat vision of the future: 'We are suffering just now from a bad attack of economic pessimism. It is common to hear people say that the epoch of enormous economic progress which characterised the nineteenth century is over; that the rapid improvement in the standard of life is now going to slow down – at any rate in Great Britain; that a decline in prosperity is more likely than an improvement in the decade which lies ahead of us.'