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Review of DeLong's "Slouching Towards Utopia"

Dietrich Vollrath · 11 Oct 2022 · growthecon.com

5 korrents from this piece

Dietrich Vollrath did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Prior to this inflection point, productivity growth had increased before, but every time had induced a response of higher population growth rates, eroding any gains in per-person living standards.
  2. What I’m nitpicking here is that this decline in fertility deserves equal billing with the research lab, corporation, and globalization.
  3. It was an acceleration in productivity combined with a decline in population growth that put us on a slow trudge towards utopia.
  4. Without this anti-Malthusian response the research lab, corporation, and globalization cannot provide sustained growth.
  5. The key change is that productivity growth, starting around 1870, reached down and profoundly raised the price of bringing a child to adulthood.