"This is one of the best economic history books I've ever read."J. Bradford "Brad" DeLong, Berkeley economics professor, former Clinton-era Treasury official, and pioneering economics blogger* joins today's conversation on the heels of his latest book release, Slouching Towards Utopia: An Economic History of the Twentieth Century. Part history lesson, part economic theory discussion, Brad and James debate what DeLong has dubbed the "long twentieth century" from 1870 to 2010 where the "last three institutional blocks" fell into place: the industrial research lab, the modern corporation, and the modern globalized market.Additional Topics Include:How Westinghouse was able to utilize Nikola Tesla's genius (07:30)Reagan's experiment with "Trickle Down" theory (22:27)Do "the 99%" have more equal income distribution than in previous eras? (28:16)Public Colleges' funding model switch from taxpayers to attendees in the 1970s (35:28)Secular Stagnation in the Post-2010 Economy (50:40)"The people with the want don't have the money, and the people with the money don't have the want" (58:39)What the Federal Reserve should do over the next 18 months (01:05:03)Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.