Why Hasn't Economic Progress Lowered Work Hours More? - Tyler Cowen, Hayek Lecture Series

Explore the intriguing question of why economic progress hasn't significantly reduced work hours in this thought-provoking Hayek Lecture by Tyler Cowen at Duke University. Delve into Cowen's analysis of John Maynard Keynes' 1930 prediction about reduced work hours and increased leisure time due to economic growth. Examine the complex relationship between economic progress and work hours, considering factors such as gender differences, elderly employment, and the role of work in providing meaning and enjoyment. Investigate the paradox of constant work hours despite technological advancements and economic growth, and learn about the nuanced progress made for women and the elderly in the workforce. Gain insights into how work enables people to enjoy the fruits of economic growth and why it remains popular despite predictions of increased leisure time.