One of the most interesting books from the last year has been Revisiting Keynes: Economic Possibilities for our Grandchildren (MIT Press, £20) — a reprint of a 1931 essay by J.M.
One of the most interesting books from the last year has been Revisiting Keynes: Economic Possibilities for our Grandchildren (MIT Press, £20) — a reprint of a 1931 essay by J.M. Keynes in which he describes what his readers’ grandchildren should expect 100 years on. The piece is followed by 14 essays from present-day economists (four of them Nobel Laureates) discussing why Keynes got some things right and others so wrong.
To his credit, Keynes’s economic predictions seem spot on: his forecast of a compounded 2 per cent annual increase in income was optimistic for its time and so looks all the more prescient today.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in