BERKELEY The big lesson of the past 60 years of US economic policy, according to former vice chair of the US Federal Reserve and current Princeton University economist Alan S. Blinder’s new book, A Monetary and Fiscal History of the United States, 1961-2021, is that there is no big lesson.
We are men, not gods, and so utopia will always remain a dream, disappointing historians and economists of all stripes. But that is no reason to despair.
"Slouching Towards Utopia" by J. Bradford DeLong is a sweeping account of the ups and downs of the global economy on its century-and-a-half climb to prosperity.