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Slouching Towards Utopia: An Economic History of the Twentieth Century
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About Slouching Towards Utopia: An Economic History Of
Product Description An instant New York Times and Wall Street Journal bestseller from one of the world’s leading economists, offering a grand narrative of the century that made us richer than ever, yet left us unsatisfied. "A magisterial history."—Paul Krugman Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would have used such powers to build utopia. But it was not so. When 1870–2010 ended, the world instead saw global warming; economic depression, uncertainty, and inequality; and broad rejection of the status quo. Economist Brad DeLong's Slouching Towards Utopia tells the story of how this unprecedented explosion of material wealth occurred, how it transformed the globe, and why it failed to deliver us to utopia. Of remarkable breadth and ambition, it reveals the last century to have been less a march of progress than a slouch in the right direction. Review “A magisterial history…asks the right questions and teaches us a lot of crucial history along the way.” ―Paul Krugman “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.” ―The Daily Telegraph “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 … Definitely one to read.”―Diane Coyle “This is a brilliant and important book. It offers an original and penetrating analysis of what its author calls ‘the long twentieth 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, chief economics commentator, Financial Times “One of the most ambitious and admirable economic history books of the year...DeLong is a guide whose conclusions I cannot fault.” ―Strategy + Business “[The book] does what all the best nonfiction books do: change the way you understand the world around you.” ―Nathan Baschez, Every “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 “The author 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 “[T]he author ably anatomizes his subject with admirable clarity, offering 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 “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 opportun
