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The Rise and Fall of American Growth - The U.S. Standard of Living since the Civil War (Paperback, Revised edition)
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The Rise and Fall of American Growth - The U.S. Standard of Living since the Civil War (Paperback, Revised edition)
Series: The Princeton Economic History of the Western World
Expected to ship within 12 - 19 working days
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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. 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.
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