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The Complacent Class: The Self-Defeating Quest for the American Dream Hardcover – February 28, 2017

by Tyler Cowen (Author)
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A Wall Street Journal and Washington Post Bestseller

"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.

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  5. Dimensions
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  6. ISBN-10
    9781250108692
  7. ISBN-13
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Editorial Reviews

Review

“[The Complacent Class] provides an open invitation for the reader to think deeply.” ―Derek Thompson, The Atlantic

“‘The Complacent Class' is refreshingly nonideological, filled with observations that will resonate with conservatives, liberals and libertarians. ... a useful corrective to the conventional wisdom that American ingenuity, sooner or later, will revive a low-growth economy.” ―The Wall Street Journal

“One of the most important reads of the new year.” ―National 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:

"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 C. Harris chair in economics at George Mason University. He is the author of Discover Your Inner Economist (2007), Create Your Own Economy (2009), the New York Times bestseller The Great Stagnation (2011), An Economist Get Lunch (2012), Average is Over (2013), and a number of academic books. He writes 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.

Product details

  • ASIN ‏ : ‎ 1250108691
  • Publisher ‏ : ‎ St. Martin's Press; First Edition (February 28, 2017)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 256 pages
  • ISBN-10 ‏ : ‎ 9781250108692
  • ISBN-13 ‏ : ‎ 978-1250108692
  • Item Weight ‏ : ‎ 15.2 ounces
  • Dimensions ‏ : ‎ 6.38 x 0.88 x 9.5 inches
  • Customer Reviews:

About the author

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Tyler Cowen

Tyler Cowen

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Tyler Cowen (/ˈkaʊ.ən/; born January 21, 1962) is an American economist, academic, and writer. He occupies the Holbert L. Harris Chair of economics, as a professor at George Mason University, and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes a regular column for Bloomberg View. He also has written for such publications as The New York Times, The Wall Street Journal, Forbes, Time, Wired, Newsweek, and the Wilson Quarterly. Cowen also serves as faculty director of George Mason's Mercatus Center, a university research center that focuses on the market economy. In February 2011, Cowen received a nomination as one of the most influential economists in the last decade in a survey by The Economist. He was ranked #72 among the "Top 100 Global Thinkers" in 2011 by Foreign Policy Magazine "for finding markets in everything."

Bio from Wikipedia, the free encyclopedia.

Customer reviews

4.2 out of 5 stars
471 global ratings

Customers say

Customers find the research catalog useful and a great read. They also appreciate the interesting thesis, solid references, strong argumentation, and reasonable conclusions. However, some customers feel the book is redundant and not worth the read if you enjoy more factual.

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AnalysisReading experienceResearch catalogWriting styleReadability
19 customers mention "Analysis"15 positive4 negative

Customers find the analysis interesting, fact-filled, and important. They also appreciate the excellent systems thinking, engaging work, and solid references. Readers also describe the author as one of the most intelligent, forward-thinking writers of today.

"...This latest book shows a greater amount of intellectual intellectual development than his previous The Great Stagnation...." Read more

"...And the overall argument is very important -- speaking as someone in the business world where there's still too much talk about the supposed..." Read more

"Cowen's work here is engaging and interesting...." Read more

"I am typically a big Tyler Cowen fan, but this book disappointed...." Read more

13 customers mention "Reading experience"13 positive0 negative

Customers find the book a great read and recommend it highly.

"...His narrative is accessible, interesting and fun to read...." Read more

"...Any how, it's an ok read. Most reader's customers reviews are accurate in their description of the book being somewhat "unfocused"." Read more

"Nice read. Good lluck at the failings of my generation...." Read more

"A good, fact filled read. I especially appreciate Cowen's liberal use of data in the first half of the book setting the stage for the remainder...." Read more

3 customers mention "Research catalog"3 positive0 negative

Customers find the book a useful collection of interesting trends.

"...of updating of Average is Over. That said, the book is a useful collection of a lot of interesting trends, especially on declining mobility...." Read more

"..."COMING APART" by Charles Murray is better but this makes a nice companion piece." Read more

"Good research catalog, but very poor analysis of what the research means...." Read more

3 customers mention "Writing style"3 positive0 negative

Customers find the writing style well thought out and brilliant. They also say the book provides a disturbing view of the mess we're in.

"A brilliant and disturbing view of the mess we're in." Read more

"Well thought out presentation of one interpretation of where America is headed. May very well explain the rise of the Trump/Sanders phenomena...." Read more

"Very well written book, some interesting viewpoints. Great read!" Read more

5 customers mention "Readability"0 positive5 negative

Customers find the book redundant and unnecessarily pessimistic. They also say it's not worth the read.

"...I also found the book unnecessarily pessimistic...." Read more

"...Not well written, redundant, and not worth the read if you enjoy more factual works" Read more

"...Could have been just me, but did not hold my interest." Read more

"a deluded book which isn't articulate enough to create an understanding of a different worldview." Read more

Top reviews from the United States

Randall Parker
5.0 out of 5 stars Many thought-provoking ideas
Reviewed in the United States on July 3, 2017
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I am quite surprised (pleasantly so) by some of the ways Tyler Cowen's thinking has developed. This latest book shows a greater amount of intellectual intellectual development than his previous The Great Stagnation. Most pleasing to me was his embrace of cyclical views of history in his final chapter. Though I would like to have seen an appreciation on his part for Peter Turchin's books on patterns in history.

Tyler thinks we're too complacent and too sheltered in our cocoons. He thinks our society is becoming too averse to change. This shows up as NIMBY zoning ordinances, few job switches, less entrepreneurship, and greater willingness to accept the established order. Safe spaces at colleges can be seen as a manifestation of this phenomenon.

As complementary reading for this book I would recommend Peter Turchin's War & Peace & War as an excellent intro to recurring patterns in history. I would also recommend Bill Bishop's The Big Sort about how Americans are migrating to live near people who think like them and live like them.

Cowen does a fairly good job of bringing up many contemporary political issues while not betraying a strong partisan bias. Though it's clear he's trying to pitch his ideas more to appeal to a left-leaning readership. At points his own willingness to stay within the boundaries of politically correct thought places limits on his ability to find and explain patterns. But keep reading through those sections. He gets back to very worthwhile insights in later sections.

What disturbs me about this book is that Tyler has reached a number of conclusions similar to mine about cyclical history but by his own different intellectual path. This unfortunately increases my own assessment of the odds that I'm right to expect a bumpier and possibly much more tragic future.
15 people found this helpful
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P. McCormack
4.0 out of 5 stars Did We Just Turn A Corner? Or not?
Reviewed in the United States on November 22, 2016
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First, this book does not directly envision Donald Trump as President. In fact, it envisions a continuation of the pattern it sees, the complacency of the Americas... There is mention that these trends will result in a revolution of sorts, but the author clearly does not see this as imminent. That new fact, Mr, Trump, must have editors scrambling for a forward to be inserted.

This hits home when the author talks about our failure to invest in infrastructure, and specifically through private as well as public means. The reader thinks... well, maybe Mr. Trump will spend a trillion or so on this, so the corner is turned?

The larger goal here is to commit sociology, as George Will says. The sociology is backed by solid statistics. Americans move less, we divorce less, we seek challenges less, we strive less, and we are therefore more complacent. This is a bad thing, because stasis might be comfort, at first, but fosters a lack of resiliency, of dynamism, that can doom a society. It starts, not with the Fall of Rome, but with the second helping at the buffet... so to speak.

I concur with some of the analysis here, and Mr. Trump's America is still sleepy. Young men no longer train for war, they play Just Cause III. We are a nation of couch potatoes, and our public policy does not trend towards greatness. If the Clintons were in the White House, this book would be trenchant. It may still be after the Trump Revolution, or it may be the best written ill-timed book to come along in years.
49 people found this helpful
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John T. Landry
3.0 out of 5 stars Good overall argument, but thin and pessimistic
Reviewed in the United States on May 19, 2017
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I came to this book with high expectations after reading Average is Over, but as others have said, this one covers a lot of ground and doesn't have the depth of argument or authority. I would have preferred a book that focused on complacency in the economy and tackled the big question now: will the new wave of technology (AI, 3D printing, internet-of-things, extreme mobility) end our decline in productivity growth, in business investment, and in competition? It could have still had a chapter on how these technologies might have wide social ramifications, as a kind of updating of Average is Over.
That said, the book is a useful collection of a lot of interesting trends, especially on declining mobility. And the overall argument is very important -- speaking as someone in the business world where there's still too much talk about the supposed extreme dynamism of the internet age.
I also found the book unnecessarily pessimistic. It's almost as though the author thinks complacency is bad in itself, so he wants to scare us into thinking terrible things are on the horizon. Most of the book is about good news -- we're complacent for a reason -- but the book keeps trying to suggest a dark side. Surely there is a dark side to all these developments (and the opioid etc crisis is a real problem), but we've handled far worse and still achieved a society that's amazingly better than what we had in previous centuries on just about every dimension. The very end of the book briefly takes up Stephen Pinker's Better Angels book, but doesn't take that powerful argument for social progress seriously. There's also no mention of Gregory Clark's Farewell to Alms, which makes a similar if less obvious argument about economics.
The book almost bizarrely suggests that the current violence in the Middle East and Ukraine is strong evidence of cyclicality in world affairs, not progress -- and cites the ancient Greek view that true progress is an illusion. I think what the book really means is that progress is often a matter of two steps forward and one step back, and we might be in for an extended period of stepping back.
Finally, the book has almost nothing to say about how we might be developing new kinds of restlessness that might be more positive, less disruptive than the restlessness it predicts. It doesn't look at how people have been exploring all sorts of new dimensions in culture and religion -- all of which makes sense simply on Maslow's hierarchy of needs. Affluence really does change how we deal with the world.
17 people found this helpful
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Top reviews from other countries

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Amazon Customer
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on May 1, 2017
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Superb book. Cowen is a hugely entertaining writer.
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安楽子
5.0 out of 5 stars タイトルが内容を語り尽くしている
Reviewed in Japan on December 16, 2019
Verified Purchase
〇巧みにつけられたタイトルから予想されるとおりの議論が展開されている。著者は、一般に信じられているところと異なって、アメリカ経済と社会は活力を失っていると言う。例えば、経済の生産性は毎年低下している、起業率もその成功率も低下の傾向にある、社会階層を超えて成功するアメリカンドリームはもはや起こりにくい、人々は州を超えては移り住まなくなり、同じ社会階層・人種が固まって済むようになっているということをデータとともに示して���る。そしてその原因は何かと言えば、社会各層（とりわけ大金持ち、アッパーミドルクラス、最下層の貧困層）が現状を変えようという意思を失っていることにあると言う。
〇これらの動きは、人が快適さを求めるならばある意味当然のことである。また、昨今の経済・社会では、インターネットによってmatchingが容易になったが、matchingとは似たもの同士を結びつける効果があるから現状維持的傾向を加速助長するものである。そう言われればたしかにそうかと思う。
〇アメリカを中国と比べるならば、極貧から大金持ちになるサクセスストーリーが多い中国（アリババのジャック馬）に対してそのような話を聞かなくなった（ザッカーバーグもハーバードの学生だった）アメリカは、より静的社会であり、世代間の所得逆転は生まれにくい。しかしながら、考えてみれば、革命・戦争等によって破壊された社会が極貧からの成功者を生み、次の世代ではかかる成功者の子弟が富裕層となり、徐々に社会階層が固定していくのは自然な進展であり、現在の中国はこの初期にあたり、アメリカは後期にあたるというだけのことだ。
〇では、この状態が永続的に続くかというとそうは行かない。アメリカの「落ち着き」は維持するのにコストがかかる。その経済が活力を失い、税収も増えないとすれば、そのコストを負担することはできない。最近、弱者（黒人）から不満が提起されてこと、トランプのポピュリズムが支持を集めているが、これはアメリカ社会・経済の変調、将来の不安定を予告するものではないか、と著者は言う（このあたりは、やや強引な議論のように思われる）。
〇結局のところ、著者が言いたかったことは「米国民は平穏と安定を受け入れてこれを享受している。しかしいずれこの時代は終わって再び混乱と変動の時代がやってくる。それが時の流れというものだ」ということに尽きるようだ。
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Julian Mather
5.0 out of 5 stars Original thinking and deep understanding
Reviewed in Australia on February 13, 2018
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I came across Tyler Cowen through his Marginal Revolution site. I was impressed by his breadth of knowledge and insight into many topics. This book is no exception. Deep thinking on original ideas. He has added to my research and understanding of a culture that is addicted to comfort. My kindle copy is heavily underlined and highlighted.
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