About this product
- DescriptionA NEW YORK TIMES BESTSELLER In the century after the Civil War, an ecomic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. With medical advances, life expectancy between 1870 and 1970 grew from forty-five to seventy-two years. Weaving together a vivid narrative, historical anecdotes, and ecomic analysis, The Rise and Fall of American Growth provides an in-depth account of this momentous era. But has that era of unprecedented growth come to an end? Gordon challenges the view that ecomic growth can or will continue unabated, and he demonstrates that the life-altering scale of invations between 1870 and 1970 can't be repeated. He contends that the nation's productivity growth, which has already slowed to a crawl, will be further held back by the vexing headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government. Gordon warns that the younger generation may be the first in American history that fails to exceed their parents' standard of living, and that rather than depend on the great advances of the past, we must find new solutions to overcome the challenges facing us. A critical voice in the debates over ecomic stagnation, 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.
- Author BiographyRobert J. Gordon is the Stanley G. Harris Professor in the Social Sciences at Northwestern University. His books include Productivity Growth, Inflation, and Unemployment and Macroeconomics. Gordon was included in the 2013 Bloomberg list of the nation's most influential thinkers.
- PrizesLong-listed for Financial Times and McKinsey Business Book of the Year Award 2016.
- Author(s)Robert J. Gordon
- PublisherPrinceton University Press
- Date of Publication22/01/2016
- SubjectEconomics: Professional & General
- Series TitleThe Princeton Economic History of the Western World
- Place of PublicationNew Jersey
- Country of PublicationUnited States
- ImprintPrinceton University Press
- Content Note60 line illus. 64 tables.
- Weight1428 g
- Width152 mm
- Height229 mm
- Spine56 mm
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