AN INSTANT NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLERLONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEARA FINANCIAL TIMES BEST ECONOMICS BOOK OF THE YEAR AND THE ECONOMIST BOOK OF THE YEARFrom one of the world's leading economists, a sweeping new history of the twentieth century - a century that left us vastly richer, yet still profoundly dissatisfied.Before 1870, most people lived in dire poverty, the benefits of the slow crawl of invention continually offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation, and creatively destroying the economy again and again.Slouching Towards Utopia tells the story of the major economic and technological shifts of the 20th century in a bold and ambitious, grand narrative. In vivid and compelling detail, DeLong charts the unprecedented explosion of material wealth after 1870 which transformed living standards around the world, freeing humanity from centuries of poverty, but paradoxically has left us now with unprecedented inequality, global warming, and widespread dissatisfaction with the status quo. How did the long twentieth century fail to deliver the utopia our ancestors believed would be the inevitable result of such material wellbeing?How did humanity end up less on a march to progress than a slouch in the right direction?And what can we learn from the past in pursuit of a better world?
AN INSTANT NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLERLONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEARA FINANCIAL TIMES BEST ECONOMICS BOOK OF THE YEAR AND THE ECONOMIST BOOK OF THE YEARFrom one of the world's leading economists, a sweeping new history of the twentieth century - a century that left us vastly richer, yet still profoundly dissatisfied.Before 1870, most people lived in dire poverty, the benefits of the slow crawl of invention continually offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation, and creatively destroying the economy again and again.Slouching Towards Utopia tells the story of the major economic and technological shifts of the 20th century in a bold and ambitious, grand narrative. In vivid and compelling detail, DeLong charts the unprecedented explosion of material wealth after 1870 which transformed living standards around the world, freeing humanity from centuries of poverty, but paradoxically has left us now with unprecedented inequality, global warming, and widespread dissatisfaction with the status quo. How did the long twentieth century fail to deliver the utopia our ancestors believed would be the inevitable result of such material wellbeing?How did humanity end up less on a march to progress than a slouch in the right direction?And what can we learn from the past in pursuit of a better world?
J. Bradford DeLong is a professor of economics at UC Berkeley and was a research associate at the NBER, 1990-2018. He was Deputy Assistant Secretary of the US Treasury, 1993-1995. Throughout his career and in his blog Grasping for Reality he has tried to straddle the fields of economics, history, and public education. Previous books include The End of Influence (Basic US, 2010) and Concrete Economics (Harvard Business School, 2016).
Brad DeLong learnedly and grippingly tells the story of how all the
economic growth since 1870 has created a global economy that today
satisfies no one's ideas of fairness. The long journey toward
economic justice and more equal rights and opportunities for all
shall and will continue
*Thomas Piketty, #1 New York Times bestselling author of 'Capital
in the Twenty-First Century'*
This is a brilliant and important book. It offers an original and
penetrating analysis of what its author calls "the long 20th
century", the period of unprecedented economic advance that began
roughly in 1870 and ended, he asserts, in 2010. Material abundance
poured upon humanity. Previous generations would have thought such
wealth to be a guarantee of utopia. Yet the age of material
progress has ended not in a utopia, but in recrimination and
discord. No book has explained the successes and failures of this
extraordinary period with comparable insight
*Martin Wolf*
The period 1870-2010 - what DeLong calls the "long twentieth
century" - saw the world break decisively free of its Malthusian
chains, with levels of per capita economic growth without any
parallel in human history. This wonderfully researched and written
book explains the roots of this vertiginous ascent towards utopia,
while also exposing the causes of the subsequent flat-lining in our
economic fortunes and what action is now needed to ensure the long
century is viewed by future historians as the historical rule, not
the exception
*Andrew G. Haldane, Chief Executive of the RSA and former Chief
Economist at the Bank of England*
History provides the only data we have for charting a course
forward in these turbulent times. I have not seen a more revealing
and illuminating book about economics and what it means in a very
long time. Slouching Towards Utopia should be required reading for
anybody who cares about the future of the global system, and that
should be everyone
*Lawrence H. Summers, Harvard University*
What a joy to finally have Brad DeLong's masterful interpretation
of twentieth-century economic history down on paper. Slouching
Towards Utopia is engaging, important, and awe-inspiring in its
breadth and creativity
*Christina Romer, University of California, Berkeley*
An intellectually exciting and entertaining gallop along the arc of
twentieth century economic history. DeLong puts together the puzzle
of the past to tell a story of remarkable achievements as well as
setbacks. A great way to understand the forces that have shaped the
world today
*Minouche Shafik, Director, London School of Economics and
Political Science*
Brad DeLong manages brilliantly to combine detailed analysis of a
huge sweep of global history with an accessible and engaging
narrative. The result is a book full of well founded and
penetrating insights that will appeal to anyone interested in the
causes and consequences of modern economic growth
*Robert C Allen, Distinguished Professor of Economic History at New
York University, Abu Dhabi, and a Senior Research Fellow of
Nuffield College, Oxford*
Impressed . . . eloquent and clear . . . makes one sad for the
utopian possibilities that might have been realized
*Emanuel Derman, author of 'My Life as a Quant' and 'The Volatility
Smile'*
Like many people, I've been eagerly anticipating Brad Delong's
Slouching Towards Utopia: An Economic History of the 20th Century,
and it doesn't disappoint . . . it (is) an unmissable book . . .
The strength of the book - as well as its immense scope and depth .
. . is that it's a work of political economy, braiding the
different strands of ideas, Hayek, Polanyi and Keynes . . . In
addition, there are plenty of pleasing asides and details.
Definitely one to read.
*Diane Coyle*
A magisterial history . . . asks the right questions and teaches us
a lot of crucial history along the way
*Paul Krugman*
A masterfully sweeping account . . . a joy to read. Few economic
historians have as fluent a grasp of political or military history
or, more important, write as lucidly and with such great flair
about these subjects
*Liaquat Ahamed, Foreign Affairs*
I've been waiting for Brad [DeLong]'s big economic history opus for
a long time now
*Ezra Klein*
Slouching Towards Utopia is an impressive achievement, written with
wit and style and a formidable command of detail
*The Economist*
DeLong explores the slice of history he has chosen - the "long
twentieth century" from 1870 to 2010 - in depth, and he often
writes with verve combined with thought-provoking detail
*Daily Telegraph*
Accessible and illuminating explanations of key historical shifts
and the socio-economic forces driving them . . . A sprawling but
carefully argued, edifying account of modern economic history and
its impact on global well-being
*Kirkus Reviews*
Conveys a wealth of information in elegant, accessible prose,
combining grand, epochal perspectives with fascinating discursions
on everything from alternating-current electricity to the gender
wage gap. The result is a cogent interpretation of economic
modernity that illuminates both its nigh-miraculous achievements
and its seething discontents
*Publishers Weekly, starred review*
This volume, partly an economic history but mostly a thorough
record of the global economy's connection with politics, is
destined to become a classic in its category
*Library Journal*
One of the most ambitious and admirable economic history books of
the year . . . DeLong is a guide whose conclusions I cannot
fault
*Strategy+Business*
A fantastic read . . . you don't have to be an economist or
historian to enjoy this book or reach for the smelling salts to
revive you from boredom
*Patrick Luciani, The Hub*
Deeply engaging . . . a work of strikingly expansive breadth and
scope
*Benjamin M. Friedman, Harvard Magazine*
DeLong written the most entertaining End Times narrative since The
Late Great Planet Earth
*Steve Donoghue, Open Letters Review*
Worries that the future will be worse than the present are an
excellent reason to read economic histories such as Bradford
DeLong's new book, Slouching Towards Utopia
*Joshua Kim, Inside Higher Ed*
A masterpiece
*Zachary D. Carter, Dissent*
A magisterial new economic history
*Michael Hiltzik, Los Angeles Times*
If you want to follow the conversation right now on global economic
history, you should check out Brad DeLong's Slouching Towards
Utopia
*Adam Tooze, on The Ezra Klein Show*
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