Keynes and the 2 day work week

Keynes predicted in 1930 that our grandkids (≈1970s-1980s) would work 2 days a week and have a 5 day weekend. Keynes said in 1930 that our grandkids would work 2 days a week and have a 5 day weekend. This is a typical flaw in thinking of the brightest minds on the left: (a) that people don't value work/being productive or get rewards from it (b) that people given more cash won't want to spend it on things and earn still more (some will trade more income for more free time: while others will not). ℹ️ Info           ~ Aristotle Sabouni Created: 2022-03-12

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Economics The study of choice, scarcity, Social reactions to policies, and unseen consequences.

Keynes A microeconomist that got a few things right in the little picture, but got virtually everything wrong in the big picture.

Keynesianism Keynes microeconomics was brilliant, his macroeconomics have never worked in the real world.

Tags: Economics  Keynes  Keynesianism