Economics

Keynes as Social Philosopher

Who do you think penned this little diagnostic of our times?  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 … is over, that the rapid improvement in the standard of life is now going to slow down … that a decline in prosperity is more likely than an improvement in the decade which lies ahead of us. I believe this is a wildly mistaken interpretation of what is happening to us. We are suffering, not from the rheumatics of old age, but…

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