The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War (Paperback)

The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War Cover Image
By Robert J. Gordon, Robert J. Gordon (Afterword by)
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How America's high standard of living came to be and why future growth is under threat

In 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. Robert 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.

About the Author

Robert J. Gordon is professor in social sciences at Northwestern University. His books include Productivity Growth, Inflation, and Unemployment and Macroeconomics. Gordon was included in the 2016 Bloomberg list of the nation's most influential thinkers.

Product Details
ISBN: 9780691175805
ISBN-10: 0691175802
Publisher: Princeton University Press
Publication Date: August 29th, 2017
Pages: 784
Language: English
Series: Princeton Economic History of the Western World

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