The basic economic problems

Monday, May 30, 2011

That the basic economic problems of the future will be concerned with the distribution of the national income rather than with the production of an ever-growing output of goods and services. That Full Employment may thus increasingly become a question of part-time working with a greater use of leisure; and That Full Employment with a fair distribution of a high national income and with employment being relatively low-paid and increasingly part – time will necessitate very great changes in many of our existing economic and financial institutions and policies, the discussion of which constitutes the subject matter of the rest of this blog.