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Lorenzo Pecchi

Lorenzo Pecchi is Managing Director at UniCredit Markets and Investment Banking Division and Adjunct Professor at the University of Rome Tor Vergata.

Titles by This Editor

Economic Possibilities for Our Grandchildren

In 1931 distinguished economist John Maynard Keynes published a short essay, Economic Possibilities for Our Grandchildren, in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. Keynes imagined that by 2030 the standard of living would be dramatically higher; people, liberated from want (and without the desire to consume for the sake of consumption), would work no more than fifteen hours a week, devoting the rest of their time to leisure and culture.