Read the following excerpt from a book review:
What constitutes the good life? What is the true value of money? Why do we work such long hours merely to acquire greater wealth? These are some of the questions that many asked themselves when the financial system crashed in 2008. This book tackles such questions head-on. The authors begin with the great economist John Maynard Keynes. In 1930, Keynes predicted that within a century people’s basic needs would be met, and no one would have to work more than fifteen hours a week.
Clearly, he was wrong: though income has increased as he envisioned, our wants have seemingly gone unsatisfied, and we continue to work long hours. The authors explain why Keynes was mistaken. Then, arguing from the premise that economics is a moral science, they trace the concept of the good life from Aristotle to the present and show how our lives over the last half century have strayed from that ideal. Finally, they issue a call to think anew about what really matters in our lives and how to attain it.
Are the following statements true, false or not given?
- Before 2008, people were less concerned about economics.
- Keynes’ prediction about working hours was wide of the mark.
- The book asks us to consider what is important in life.