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Work and Consumption in an Era of Unbalanced Technological Advance

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NBER2015-11-01 更新2025-01-04 收录
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Keyness Grandchildren essay famously predicted both a rapid increase in productivity and a sharp shrinkage of the workweek to fifteen hours over the century from 1930. Keynes was right (so far) about output per capita, but wrong about the workweek. The key reason is that he failed to allow for

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2015-11-01
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