Keynes' Vision of Utopia

The video explores John Maynard Keynes' economic theories, focusing on his views on absolute and relative wants, and his vision of a utopia that emerges after capitalism. It draws parallels between Keynes' ideas and those of Marx, as well as the 1960s hippie movement. The discussion highlights Keynes' belief in capitalism as a necessary phase to transition from scarcity to abundance. The video concludes with appreciation for Keynes' contributions to economic thought.

What did Keynes believe would eventually surpass relative wants?

• Absolute wants

• Traditional utopias

• Scarcity

• Competition

How does Keynes' utopia differ from traditional utopias?

• It rejects abundance

• It is based on scarcity

• It exists outside capitalism

• It emerges after capitalism

Which movement from the 1960s does Keynes' utopia resemble?

• Hippie Movement

• Civil Rights Movement

• Environmental Movement

• Feminist Movement

What kind of bargain did Keynes strike with capitalism?

• A utopian bargain

• A Marxist bargain

• A scarcity bargain

• A Faustian bargain

What is the ultimate goal of capitalism according to Keynes?

• To maintain scarcity

• To create competition

• To transition to abundance

• To eliminate wants