Future

de Christopher J. Coyne, Michael C. Munger, Robert M. Whaples

"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." 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!"-- "What will life be like fifty years from now? An intriguing panel of economists predicts the global economy of the future. 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"--