Thursday, November 19, 2015

Revisiting 'Economic possibilities for our grandchildren'

Chris Dillow Keynes' Error

Keynes proviso in 1930 "The pace at which we can reach our destination of economic bliss will be governed by four things-our power to control population, our determination to avoid wars and civil dissensions, our willingness to entrust to science the direction of those matters which are properly the concern of science, and the rate of accumulation as fixed by the margin between our production and our consumption; of which the last will easily look after itself, given the first three."
Another recent take What are the economic possibilities for our children?

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