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The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War (The Princeton Economic History of the Western World, 60)
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About The Rise And Fall Of American Growth: The
Product Description How America's high standard of living came to be and why future growth is under threatIn the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come. Review "Two years ago a huge book on economics took the world by storm. Thomas Piketty's Capital in the Twenty-First Century . . . became a surprise bestseller. . . . Robert Gordon's tome on American economic growth stretches to 768 pages and its central message is arguably more important." ---David Smith, Sunday Times "Professor Robert J. Gordon's The Rise and Fall of American Growth is a magisterial volume that will benefit any serious student of economics, demographics or history." ---Wendell Cox, New Geography "This is a book well worth reading--a magisterial combination of deep technological history, vivid portraits of daily life over the past six generations and careful economic analysis. . . . [ The Rise and Fall of American Growth] will challenge your views about the future; [and] it will definitely transform how you see the past." ---Paul Krugman, New York Times Book Review "Compulsive reading." ---Andrew Hilton, Financial World "A fantastic read." ---Bill Gates, GatesNotes "One of our greatest economic historians. . . . Gordon's exhaustive research program . . . has knocked me back on my intellectual heels." ---J. Bradford DeLong, Strategy + Business "Robert Gordon's new book on productivity in the U.S. economy, The Rise and Fall of American Growth, is masterful. . . . Gordon skillfully lays out myriad information about the history and trends of productivity. One can learn a great deal." ---Edward Lotterman, St. Paul Pioneer Press "Rich with detailed information, meticulous observations, and even anecdotes and stories . . . a fascinating read." ---Ricardo F. Levi, Corriere della Sera "Gordon's encyclopedic The Rise and Fall of American Growth, a new history of modern U.S. economic life, [is] perhaps the best yet written." ---Jonathan Levy, Dissent "[A]n important new book." ---Martin Ford, Huffington Post Review "The story of our standard of living is a vital part of American history and is well told in this fascinating book. Gordon provides colorful details and striking statistics about how the way we live has changed, and he asks whether we will live happily ever after. His answer will surprise you and challenge conventional assumptions about the future of economic growth. This book is a landmark―there is nothing else like it." ―Robert Solow, Nobel Laureate in Economics "A towering achievement that will utterly transform the debate on U.S. productivity and growth. Robert Gordon chronicles the stunning swiftness with which American lives have advanced since 1870, and raises profound questions about whether we have benefitted from one-offs that cannot be repeated. Combining eloquent description with forceful and clear economic analysis, Gordon's voice is gripping and compelling. This is economic history at its best." ―Kenneth S. Rogoff, coauthor of This Time Is D
