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Future (Hardcover)
Loot Price: R703
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Future (Hardcover)
Expected to ship within 12 - 17 working days
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Prediction has a venerable tradition among economists. In
""Economic Possibilities for Our Grandchildren,"" John Maynard
Keynes, the well known classical economist,-even as the Great
Depression was unfolding-famously threw aside the contemporary
""attack of economic pessimism"" and predicted that a century later
the ""standard of life"" in economically progressive countries
would be ""between four and eight times as high as it is to-day.""
History has generally vindicated this optimism. As a whole-like
Keynes and other economists who have answered this question about
the future-our experts are generally optimistic, although the
optimism is carefully guarded in some cases. This optimism accords
with the broader opinion held by economists surveyed about a decade
ago, although the intervening ten years of disappointing economic
performance appears to have tempered it a bit. The reasons for
economic optimism are abundant but can be boiled down to the fact
that economists expect technology will continue to improve provided
that reasonable economic incentives to encourage this discovery and
to implement its fruits persist. The predicted changes range from
innocent innovations that will make life a bit more comfortable
(such as the pillow that learns your sleep rhythms partnered with
the coffee maker that knows when you have awakened) to potentially
chilling technologies that might strip our human dignity (including
the almost complete elimination of privacy and electronic
supplementation of the brain embedded in a government controlled
educational system). So pull up a chair and listen to our group of
experts expound on what they think our economic future is going to
look like in fifty years!
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