Modesty as an Economic Model (tags)
"This completely deregulated sphere (derivatives) ultimately grew to greater dimensions than the real economy. That was undoubtedly absolute madness..A smaller financial sector need not be unconditionally bad.. The economy is a faith like every other..."
Consumption: Endless Growth is Senseless (tags)
Writing in 1930, John Maynard Keynes thought people would soon have everything they need and envisioned a 15-hour work week. In the midst of the worst economic crisis, he foresaw a world where people had to work much less because their needs were satisfied.