On September 1, 2022, Bradford DeLong, Professor of Economics at UC Berkeley, discussed his recent book, Slouching Towards Utopia: An Economic History of the Twentieth Century. DeLong was joined in conversation by Robert Brenner, Professor Emeritus and Director of the Center for Social Theory and Comparative History at UCLA. The talk was moderated by Steven Vogel, Co-Director of the Network for a New Political Economy (N2PE).
This event was co-sponsored with the Social Science Matrix.
About the Book
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 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.
Brad DeLong is a professor of economics at UC Berkeley, a research associate of the National Bureau of Economic Research, a weblogger at the Washington Center for Equitable Growth, and a fellow of the Institute for New Economic Thinking. He received his B.A. and Ph.D. from Harvard University in 1982 and 1987. He joined UC Berkeley as an associate professor in 1993 and became a full professor in 1997. Professor DeLong also served in the U.S. government as Deputy Assistant Secretary of the Treasury for Economic Policy from 1993 to 1995. He worked on the Clinton Administration’s 1993 budget, on the Uruguay Round of the General Agreement on Tariffs and Trade, on the North American Free Trade Agreement, on macroeconomic policy, and on the unsuccessful health care reform effort.
Robert Brenner is a professor emeritus of history and director of the Center for Social Theory and Comparative History at UCLA, and the author of several books, including The Economics of Global Turbulence: the Advanced Capitalist Economies from Long Boom to Long Downturn, 1945–2005 (Verso, 2006) and Property and Progress: the Historical Origins and Social Foundations of Self-sustaining Growth (Verso, 2009). He is an editor of Against the Current and New Left Review.
Steven K. Vogel is Director of the Political Economy Program, the Il Han New Professor of Asian Studies, and a Professor of Political Science and Political Economy at UC Berkeley. He specializes in the political economy of the advanced industrialized nations, especially Japan. His most recent book, entitled Marketcraft: How Governments Make Markets Work (Oxford, 2018), argues that markets do not arise spontaneously but rather are crafted by individuals, firms, and most of all by governments.