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Toward a General Theory of Consumerism: Reflections on Keynes’s Economic Possibilities for our Grandchildren

Joseph E. Stiglitz

in Revisiting Keynes: Economic Possibilities for Our Grandchildren

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262162494
eISBN:
9780262281331
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262162494.003.0004
Subject:
Economics and Finance, Econometrics

This chapter demonstrates how Keynes underestimated the pace of innovation as well as the rate at which capital could be accumulated and invested well. The possibility of solving “the economic ... More


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