This article reviews Keyne’s 1930 prediction that economic growth would so make possible the 15-hour workweek. The author, John Quiggin, argues that the failure of the prediction to come true happened not because of a failure of economic growth but because of policy decisions that have concentrated the gains of economic growth on people at the top of the income distribution. As a part of the solution, he argue for a guaranteed minimum income (another word for a basic income guarantee). John Quiggin is a professor of economics and the University of Queensland in Australia. He is the author of Zombie Economics.
The article is online at: http://www.aeonmagazine.com/living-together/john-quiggin-keynesian-utopiav1
Discussion
No comments yet.