IMF Podcasts
Kristalina Georgieva: The Economic Possibilities for My Grandchildren
Mar 21, 2024
Exploring Keynes' economic forecasts, the impact of technology on living standards, and the necessity of proactive measures amidst economic concerns. Emphasizing the crucial shift towards a new climate economy, circular economy, technological innovation, and the future of multilateralism. Kristalina Georgieva delivers a speech inspired by Keynes' lectures at King's College, Cambridge.
37:06
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Quick takeaways
- Keynes foresaw a brighter future driven by technology and capital accumulation despite crisis and wars.
- Advancements in technology and capital accumulation have transformed lives, lifting millions out of poverty.
Deep dives
Keynes's Economic Predictions and Optimism
Keynes projected a significant increase in living standards, driven by technology and capital accumulation. He believed in the long-term economic gains from investment and foresaw a brighter future despite crisis and wars. While his 15-hour work week prediction didn't materialize, the substantial rise in living standards reflected his insights.
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