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Tyler Cowen: Welcome to Our Weird and Wild Century. It’s a Lot Like the 17th.
“I suspect that in the year 2100, people will be very glad to have been born then, rather than in 2025,” writes Tyler Cowen. (Rischgitz via Getty Images)
England in the 1600s was full of radical progress—and also extreme disorder. Those qualities typify our own strange, unpredictable era.
By Tyler Cowen
04.10.25 — Tyler Cowen Must Know
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It is obvious to many people—on all sides of the political spectrum—that we have left one era and entered another. Our politics feels different—and so does our economy.

Some suggest that the change we are feeling is simply the end of the postwar 20th century—as seen in the decline of multilateral liberalism, a retrenchment of globalism, and the resumption of major international conflicts. Others, looking at our renewed economic dynamism, point out that the long period of relative technological stagnation, commonly dated to the early 1970s, is over, as evidenced by dramatic improvements in artificial intelligence and also in biomedicine. Still others, like my colleague Niall Ferguson, suggest that the right way to think about this new era is according to the contest of global powers: as a new Cold War, where China replaces the Soviet Union as our key adversary.

My nerdier friends—those obsessed with AI and crypto and longevity—turn to science fiction. And Neal Stephenson and Isaac Asimov are indeed useful when it comes to understanding current trends and where we are headed next, whether it be educating children with AI tutors or trying to figure out how to regulate the robots.

But I would like to suggest looking in another direction: backward.

My unlikely nomination for the most relevant time and place today is 17th-century England.

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Tyler Cowen
Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Faculty Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was named in an Economist poll as one of the most influential economists of the last decade and Bloomberg Businessweek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. He co-writes a blog at www.MarginalRevolution.com, hosts a podcast Conversations with Tyler, and is co-founder of an online economics education project, MRU.org. He is also director of the philanthropic project Emergent Ventures.
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