1148 shaares
199 private links
199 private links
An era of remarkable prosperity has ended. Brad DeLong felt confident that the story started in 1870. The polymath economist was writing a book on economic modernity—about how humans transitioned from eking out an existence on our small planet to building a kind of utopia on it—and he saw an inflection point centuries after the emergence of capitalism and decades after the advent of manufacturing at scale.