Economic Predictions of Kenneth E. Boulding

About Kenneth E. Boulding and some of his economic predictions abuot the future of the world.

Predictor: KENNETH E. BOULDING

Kenneth E. Boulding, a professor of economics at the University of Colorado, is the author of several books, including The Meaning of the Twentieth Century, the Prospering of Truth, and Peace and the War Industry.

Past Predictions: No record.

Future Predictions: For 1975-2020.

--The short-term economic outlook for the world is bleak. Depletion of fossil fuel reserves will cause great calamities especially in the poorer nations, where economic growth proceeds at a snail's peace--or not at all. The U.S., however, will not experience radical changes, although inflation will continue to worsen. An overhauling of the tax structure will be called for, in which the rich and the middle class are expected to assume a larger share of the tax burden than they do now.

For 2120--Within 150 years from now, mankind will have devised solutions to the problems that threaten to overwhelm the world. Productivity will be increased, shortages will be eliminated, and wealth will be distributed fairly. Moreover, the fuel shortage will have been solved.

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