AN INSTANT NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER LONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR A FINANCIAL TIMES BEST ECONOMICS BOOK OF THE YEAR AND THE ECONOMIST BOOK OF THE YEAR From one of the world's leading economists, Brad DeLong, comes Slouching Towards Utopia, a sweeping new history of the 20th century that explores the paradox of a period which made us vastly richer yet left many still in profound dissatisfaction. DeLong's masterful narrative begins in 1870, a year before which humanity was largely mired in dire poverty, with the incremental benefits of slow technological advancements consistently offset by a growing population. But a pivotal transformation occurred as invention sprinted forward, doubling technological capabilities each generation and continuously upending the economy. Slouching Towards Utopia vividly chronicles the major economic and technological shifts of the 20th century. DeLong traces the unparalleled explosion of material wealth after 1870, which revolutionised living standards across the globe, effectively rescuing humanity from centuries-long deprivation. Yet, paradoxically, this period also gave rise to unprecedented inequality, severe environmental challenges like global warming, and a widespread sense of disenchantment with contemporary society. Delving into the deeper implications of these developments, the book raises thought-provoking questions: Why did the long 20th century fail to deliver the utopian vision our ancestors believed would accompany such significant material prosperity? How did humanity find itself merely slouching towards progress rather than marching confidently forward? DeLong's insightful exploration not only examines the economic milestones and potential missteps of the past century but also unearths crucial lessons that could guide us towards crafting a better future. Through meticulously researched details and compelling storytelling, Slouching Towards Utopia offers an essential reflection on the economic forces that shaped the modern world and prompts a contemplative look at what lies ahead.
