Excerpt
Excerpt
Prospects for the World Economy in 2035. Richard Cooper, October 1, 2014, Paper. “The record of long-term forecasting is not a glorious one. In a celebrated article the great English economist John Maynard Keynes, writing in 1930 about “the economic possibilities of our grandchildren,” forecast that in a century’s time the working week would be about fifteen hours long, thus creating a serious challenge of how to use our extensive leisure. We have only fifteen years to realize that result. The trends point in the right direction, with shorter working weeks and longer paid vacations, but are substantially off in magnitude. In the early 1950s…” Link