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The Complacent Class: The Self-Defeating Quest for the American Dream, by Tyler Cowen
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"Tyler Cowen's blog, Marginal Revolution, is the first thing I read every morning. And his brilliant new book, The Complacent Class, has been on my nightstand after I devoured it in one sitting. I am at round-the-clock Cowen saturation right now."--Malcolm Gladwell
Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs.
The problem, according to legendary blogger, economist and best selling author Tyler Cowen, is that Americans today have broken from this tradition―we’re working harder than ever to avoid change. We're moving residences less, marrying people more like ourselves and choosing our music and our mates based on algorithms that wall us off from anything that might be too new or too different. Match.com matches us in love. Spotify and Pandora match us in music. Facebook matches us to just about everything else.
Of course, this “matching culture” brings tremendous positives: music we like, partners who make us happy, neighbors who want the same things. We’re more comfortable. But, according to Cowen, there are significant collateral downsides attending this comfort, among them heightened inequality and segregation and decreased incentives to innovate and create.
The Complacent Class argues that this cannot go on forever. We are postponing change, due to our near-sightedness and extreme desire for comfort, but ultimately this will make change, when it comes, harder. The forces unleashed by the Great Stagnation will eventually lead to a major fiscal and budgetary crisis: impossibly expensive rentals for our most attractive cities, worsening of residential segregation, and a decline in our work ethic. The only way to avoid this difficult future is for Americans to force themselves out of their comfortable slumber―to embrace their restless tradition again.
- Sales Rank: #82 in Books
- Published on: 2017-02-28
- Released on: 2017-02-28
- Original language: English
- Dimensions: 241.30" h x 22.23" w x 6.38" l, .0 pounds
- Binding: Hardcover
- 256 pages
Review
"Tyler Cowen's blog, Marginal Revolution, is the first thing I read every morning. And his brilliant new book, The Complacent Class, has been on my nightstand after I devoured it in one sitting. I am at round-the-clock Cowen saturation right now."--Malcolm Gladwell
"Tyler Cowen is an international treasure. Endlessly inventive and uniquely wide-ranging, he has produced a novel account of what ails us: undue complacency. No one but Cowen would ask, 'Why Americans stopped rioting and instead legalized marijuana.' He admires risk-taking, and he likes restlessness, and he thinks the United States needs lots more of both. Don't be complacent: Read this book!"--Cass R. Sunstein, Harvard University, and author of #Republic: Divided Democracy in the Age of Social Media
"A book that will undoubtedly stir discussion"--Kirkus
Praise for The Great Stagnation 9780525952718 6/9/11
"Cowen’s book… will have a profound impact on the way people think about the last thirty years."―Ryan Avent, Economist.com
"Tyler Cowen may very well turn out to be this decade's Thomas Friedman."--Kelly Evans, The Wall Street Journal
About the Author
TYLER COWEN (Ph.D.) holds the Holbert L. Harris chair in economics at George Mason University. He is the author of a number of explanatory and text books, including The Complacent Class, as well as writing the most read economics blog worldwide, marginalrevolution.com. He has written regularly for The New York Times and contributes to a wide number of newspapers and periodicals.
Most helpful customer reviews
49 of 52 people found the following review helpful.
Lacking in focus
By Michael J. Edelman
America has become complacent, says Tyler Cowan. We don't move as much as we used to, we're not as upwardly mobile as we used to be, and we're pretty much okay with that. Except when we're not. Only 50% of 18 year old Millenials have a drivers' license, down from 83% a few decades ago. A frighteningly large percentage of young African American men are in prison. Cowen's narrative jumps around like this. We're comfortable in our complacency. There's a big resurgence of violent protest. There's a massive amount of uncounted productivity in the Internet, or maybe there isn't.
If we are complacent, as the title of this book suggests, why is this the case? Cowen tosses out a number of idea, and then around page 159 he narrows in on an answer to both the question of complacency and that of shrinking productivity: Government is consuming more and more of our resources in support of creating the complacent, risk-free life that an increasing number of Americans seem to want. Like many critics Cowen looks to de Tocqueville, who warned of the collapse of American democracy as the drive of immigrants and pioneers become diluted through generations. It's the immigrants, people who took risks to get here, who are driving innovation and growth now.
But all this is changing, Cowen says. A complacent society is not a stable society. What's coming is chaos and realignment, although why this is coming is a bit vague; "Or if you wish to put the point in the language of financial economics," says Cowen, " the possibility of cyclical patterns in history is right now the single biggest source of systemic, undiversifiable risk." In other words, change is coming because there are cycles that drive change. But cycles are effect, not cause. They're the sign of a pattern driven by some underlying dynamic, and Cowen is a bit vague on this.
Seriously, I'm not sure what to think about this book. Cowen throws around a lot of interesting facts and observations, but his narrative jumps around and lacks focus; I had to force myself to keep reading. There's not much that's terribly original or insightful. One newspaper reviewer states in their review that "Tyler Cowen may well turn out to be this decade's Thomas Friedman," which is certainly damning with faint praise, as Friedman is the master of breathlessly presenting the obvious.I came to this book with high expectations, based largely on his reputation, but I was disappointed by what I read.
11 of 13 people found the following review helpful.
Meandering book - Symptoms of a disease but no real discussion of a (policy) cure - disappointing
By Dan Sherman
I had hoped this would be a more interesting book that would define a problem and then point out some solutions. Cowan spends most of this 200 page books describing a complacent society, where there is less innovation, less risk taking, fewer people moving -- all signs of stagnation. There are lots of interesting tidbits and statistics here, but otherwise this is list of symptoms of conditions that lead to greater economic and social instability. There is a lot of anecdote here but it is not clear what the implication of this is - It seems to be we are facing an uncertain future that could be more chaotic - It is only at the very end of the book (next to last sentence) we get the message that future chaos may lead to our being less complacent, which could perhaps lead to a "perhaps ultimately beneficial process of social, economic, and legal transformation."
Although there are many interesting things in the book, it doesn't really lead to much of a conclusion or (what I would expect from a policy-oriented economist) discussion of policy options that will improve the problems - It is a bit like saying we will get old and die (with discussion of different diseases) without talking about steps that may improve the quality of our lives.
8 of 10 people found the following review helpful.
An Engaging Look at the Challenge of Change in 21st Century America
By James Strock
Tyler Cowen is a behavioral economist and essayist. He’s a frequent commentator, blogging at Marginal Revolution and for the New York Times. His perspective might be described as built on a libertarian foundation. Cowen sees markets at play—or being thwarted—in many settings.
A current running through Cowan’s work is how to master change in our new, twenty-first century world. The internet and other technological innovations are changing our lives and work for the better. But there are winners and losers. Cowan preaches adaptability and the need for continuous self-renewal.
‘The Complacent Class’ argues that the American people have become too enamored of security. This results in attempts to shelter ourselves from change. Or, perhaps, many among us are simply immobilized by the scale of the challenge.
Cowan combines the prerogatives of writer and economist to render judgment on declining social mobility. He reminds readers that attempts to forestall change will only make matters worse in a relentlessly fast-moving global economy. He compares attitudes of contemporary Americans with those of the Chinese. Where Americans are on defense, the Chinese are on offense.
The various chapters are well written in many cases usefully provocative. The author moves into so many areas of inquiry that any reader is bound to find herself agreeing and disagreeing on various items.
Quite reasonably, Cowan sees the coming years as a period of great change. Disruption in various areas may result in chaos. Unquestionably, dynamism will be a competitive necessity.
Cowan appears to believe that the American people are declining to embrace change, that we’re retreating from creativity and risk-taking. He acknowledges that government institutions may exacerbate this tendency. A fair question is the extent to which the risk-aversion he sees in the national culture might arise in response to government policies.
Surely our governance and culture are intertwined. Nonetheless, how one diagnoses the causes of the trend toward seeking security can be important to effectively correcting the problem.
Cowan is an engaging writer, a born teacher. No matter where one comes from on the issues, reading this work can be a rewarding experience.
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