The New Liberal Podcast

Slouching Towards Utopia ft. Brad DeLong

5 snips
Sep 7, 2022
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INSIGHT

Long 20th Century Defined by Growth

  • The "long 20th century" from 1870 to 2010 is better defined by economic growth than by political or military events.
  • Economic growth is the key lens for understanding modern human history and prosperity.
INSIGHT

Break from Malthusian Constraints

  • Since 1870, technological progress boosted human productivity enough to support economic growth for everyone.
  • This broke the old Malthusian constraints where population growth outpaced technology.
INSIGHT

1870 Marked a Growth Explosion

  • Technological growth quadrupled in rate after 1870, enabling a large enough economic pie to support society.
  • Before that, technological growth barely kept pace with population increase, limiting prosperity.
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