The Complacent Class

The Self-Defeating Quest for the American Dream

By: Tyler Cowen

Narrated by: Walter Dixon

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 nearsightedness 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.

©2017 Tyler Cowen (P)2017 Gildan Media LLC

Critic reviews

"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)

Dense

This book is interesting, and very dense. Plan to listen carefully.

I honestly kinda disliked the book...the tone of the book...until the very last chapter. That's when the whole thing started to make sense to me. Overall, very helpful. But the listener must stick with it.

This would be much better if Tyler Cowen himself was reading it

I’m reading and listening to this in 2023. So much is prescient, but it warrants follow up or update, perhaps every decade. This work is incredibly Straussian.

A word to Gildan audio books. You will sell a lot more audiobooks if you can get Tyler to read them.

MUST READ

This book is a MUST READ. For a new generation flooded with hardware and software, Cowen offers important insights into a general decline in risk-taking and creativity that has been reinforced by the literal codification of existence. More and more our devices are lulling us into (advertiser-funded) augmented realities that render us into a state of numbness easily appeased by consumer goods. Cowen effectively uses social and economic examples from history and from other nations to illustrate the profound existential challenges on the rise in our device-driven realities.

An interesting read but not a scholarly treatise

Any additional comments?

This is a well-written book that musters a lot of arguments about the lack of energy and drive to succeed in the USA since the 1970's. The author could actually have written a much more upbeat book titled, "The Contented Class", with the same statistics. He could have noted that poverty has been (essentially) abolished in the USA and even poor people have much more "stuff" than middle class people did in the 1940's and 1950's. Then, he could have described how having "enough" has led to contentment and a lack of desire to get more of everything, which might even break the cycle of growth that has caused so many environmental problems. Instead, as with most economists, he sees growth as key to everything.

Generally good, but w/ unnecessary political digs

It's generally good and performed very well, but Tyler can't help himself. He needs to make digs at democrats (all of them) as socialists. He also can't help but make digs at Trump either. it's disappointing because, on the whole, the book is not very political and makes important points. I'm concerned his inability to stay on topic will mean some people on both sides of the political spectrum will miss the message.