The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War

Front Cover
Princeton University Press, Aug 29, 2017 - Business & Economics - 784 pages

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.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

The Ascent and Descent of Growth
1
PART I 18701940THE GREAT INVENTIONS CREATE A REVOLUTION INSIDE AND OUTSIDE THE HOME
25
PART II 19402015THE GOLDEN AGE AND THE EARLY WARNINGS OF SLOWER GROWTH
329
PART III THE SOURCES OF FASTER AND SLOWER GROWTH
533
Americas Growth Achievement and the Path Ahead
641
Afterword to the Paperback Edition
653
Acknowledgments
659
Data Appendix
663
Notes
673
References
723
Credits
747
Index
751
Copyright

Other editions - View all

Common terms and phrases

About the author (2017)

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.

Bibliographic information