Slouching Towards Utopia

An Economic History of the Twentieth Century

By: J. Brad de Long

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Paperback | 15 September 2022 | Edition Number 1

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From one of the world's 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 use such powers to build utopia, but it was not so. When 1870-2010 ended, the world instead saw global warming, economic depression, uncertainty, inequality, and broad rejection of the status quo.

Slouching Towards Utopia tells the sweeping 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 how the last century was much less a march of progress than a slouch in the right direction.

About the Author

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).

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