Download This PaperHow the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong: A Review Essay
29 Pages Posted: 5 Sep 2024
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How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong: A Review Essay
How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong: A Review Essay
How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford Delong: A Review Essay
Date Written: September 04, 2024
Abstract
This essay provides a review of two important recent books on economic growth: How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong. Each book is noteworthy for its erudition and breadth. I explore strengths and weaknesses of these books and make some proposals on new ways to conceptualize and study long run socioeconomic development. My discussion emphasizes the importance of contingency in determining long run inequalities across countries as well the potential for ideas from complexity theory to augment standard growth modelling.
JEL Classification: N1, O4
Suggested Citation: Suggested Citation
Steven N. Durlauf (Contact Author)
University of Chicago - Stone Center for Research on Wealth Inequality and Mobility ( email )
United States