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The Long 20th Century - Why Is It Economics?
The long 20th century is the first one in which economics is the most important way of thinking about the world, says Brad DeLong. In 1870, he claims a bunch of things happen at once, globalization, corporations in the modern sense and formalization of scientific and technological research. And then maybe you can kind of see a battle shaping up post World War II between what you might simplistically call free market capitalism and social democracy.