Write an essay in which you answer the question to what extent Keynes’ predictions came true for modern, Western countries.

Write an essay in
which you answer the question to what extent Keynes’ predictions came true for modern, Western
countries.

• Briefly describe the essence of Keynes’ essay.
• Which question will you answer in your essay? You will find it above in the description of the
assignment.
Step 2: The analysis
• Explain first what Keynes meant with mankind’s ‘economic problem’. Relate Keynes’ definition
to ‘The Great Economic Problem’ that we studied in the course and the notion of scarcity.
Attach to this explanation why people work. What is the reason we work according to Keynes?
To what extent can you argue that this is true? Use one of the articles mentioned above to
underpin your argument.
• What does Keynes say about technological advancements? Argue to what extent he was right.
Use the articles mentioned above to underpin your argument.
• A third aspect that you should touch upon is access to wealth: make Keynes’s assumptions on
the access to wealth explicit. Argue why or why not you agree with these assumptions. If the
assumption would not hold, explain how that changes Keynes’ conclusions.
Step 3: The conclusion
• In the conclusion you should state the main arguments and weigh them up: argue why or why
not Keynes was right about the future of work.

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