The Long Century: 1870-2010 | J. Bradford DeLong

1:12:39
 
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"This is one of the best economic history books I've ever read."

J. Bradford "Brad" DeLong, Berkeley economics professor, former Clinton-era Treasury official, and pioneering economics blogger* joins today's conversation on the heels of his latest book release, Slouching Towards Utopia: An Economic History of the Twentieth Century.

Part history lesson, part economic theory discussion, Brad and James debate what DeLong has dubbed the "long twentieth century" from 1870 to 2010 where the "last three institutional blocks" fell into place: the industrial research lab, the modern corporation, and the modern globalized market.

Additional Topics Include:

  • How Westinghouse was able to utilize Nikola Tesla's genius (07:30)
  • Reagan's experiment with "Trickle Down" theory (22:27)
  • Do "the 99%" have more equal income distribution than in previous eras? (28:16)
  • Public Colleges' funding model switch from taxpayers to attendees in the 1970s (35:28)
  • Secular Stagnation in the Post-2010 Economy (50:40)
  • "The people with the want don't have the money, and the people with the money don't have the want" (58:39)
  • What the Federal Reserve should do over the next 18 months (01:05:03)

Editor’s note: Topic times don’t account for sponsor ads and may appear a few minutes later in the episode on your podcast player)

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