20th century Quote by Guy Standing
“In 1936, John Maynard Keynes predicted the 'euthanasia of the rentier' before the end of the 20th century. It did not happen.”
About This Quote
Source Book: The Precariat: The New Dangerous Class, 2011
Keynes predicted the end of rentier income, but it never materialized, showing economic forecasts can fail.
In simple terms: Keynes' rentier prediction failed.
Question assumptions about economic futures.
Themes
Mood
Type
When to use this quote
- investment planning
- social policy debates
Key Concepts
Questions to Reflect On
- What factors caused the prediction to miss?
- How should policymakers handle uncertain forecasts?
Economic conditions changed unexpectedly.