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FGM's avatar

Without doing the reading yet, I want to jump in at question 3: "How far did you get in the long DeLong Slouching Towards Utopia: The Economic History of the Twentieth Century reading?" Read it all without skimming years back. Great read! "And what is the single thing in it you read that resonates in the front of your mind?" A: 1870 1870 1870. Still resonating.

I have a ton of questions.

1. 1870 isn't apparent in Angus Madison's *The World Economy: A Millennial Perspective*. His inflection point appears to be 1820, consistent with traditional emphasis on the industrial revolution. Is this an artifact of his analysis? (His charts tend to display straight lines before 1890). Drill into data issues. Redo charts with a Slouching perspective.

2. From memory 1870 is a rough date for the introduction of corporate research, corporate marketing, corporate logistics, etc. As a review and referring to Chandler, list those components. Then allocate the change in growth to these various components. Actively consider possible interactions between them. No, I don't know whether these components can be plausibly isolated, since they all appear at roughly the same time.

3. 1870 as the beginning of modern growth is a extra-wide broad brush concept.

3a. The US had a head start, since its resource abundance permitted higher growth ~100 years prior. Right? Explain with numbers.

4. Before 1870, force and fraud was the prevalent method of social organization and the Malthusian curse of economic growth being absorbed by population increase characterized the economy. I'd like to know the extent to which the former is a necessary feature of the latter. I'd like to know about the empirical exceptions to this general rule, and the failure rates/estimated lifespan of these exceptions under the Malthusian Curse. Rolling back to number 2, what would the prospects be of breaking out of the Malthusian Curse under conditions of say, Renaissance merchant capitalism?

5. In the unlikely event that the Malthusian curse reappears over the next 1000 years, are we thoroughly forked?

Scott Garren's avatar

I am looking forward to following along and participating in any way I can...

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