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From one of the worlds leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied
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 18702010 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 explosionof material wealthoccurred,how it transformed the globe, andwhyitfailed to deliver us to utopia.Of remarkable breadth and ambition,itreveals the last century to have been lessa march of progressthana slouchin the right direction.
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