201. Comments on J. Bradford DeLong's Slouching Toward Utopia.
- Author
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Eloranta, Jari
- Subjects
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HISTORY of economics , *ECONOMIC history , *WORLD War I , *POLITICAL science , *ECONOMICS of war - Abstract
This article provides a commentary on J. Bradford DeLong's book, "Slouching Towards Utopia: An Economic History of the Twentieth Century." The commentator acknowledges DeLong's narrative of moderate progress with occasional crises and limited efforts to rein in the negative aspects of capitalism. However, the commentator questions DeLong's focus on the struggle between unbridled capitalism and socialism, pointing out that many European countries have successfully implemented extensive welfare states that align with utopian ideals. The article also highlights the need for a more nuanced understanding of politics and economies, rather than simply pitting capitalism against socialism. While the commentator finds the book erudite and challenging, they suggest that it may require a well-informed reader. Additionally, the text discusses various perspectives and critiques of the book, including the absence of perspectives from China and Africa, limited exploration of economic growth drivers and issues like economic downturns and globalization, and the book's treatment of conflicts and democratic institutions. However, the text praises the book's discussion of newer globalization dynamics and the Great Recession. Overall, the article recommends the book for educated readers who are willing to engage with its complex narrative. [Extracted from the article]
- Published
- 2024
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