the rise and fall of american growth by robert j gordon

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.Ī critical voice in the debates over economic 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. 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 challenges the view that economic growth can or will continue unabated, and he demonstrates that the life-altering scale of innovations between 18 can't be repeated. But has that era of unprecedented growth come to an end?

Its controversial thesis is that the United States is likely to languish. Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth provides an in-depth account of this momentous era. Gordon is the author of a best-selling book, The Rise and Fall of American Growth. With medical advances, life expectancy between 18 grew from 45 to 72 years.

into a dominant global powerthe richest the world had ever seen. Standard of Living since the Civil War is the story of an economic revolution, rather than a political one, that stretched over a century, from 1870 to 1970, and that transformed the U.S.

Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. 'Robert Gordons The Rise and Fall of American Growth set out a thesis of technological diminishing returns that does much to explain an age of economic pessimism.'-Lorien Kite, Financial Times 'In the course of Gordons book, a vivid picture of everyday life as our parents, grandparents, and great-grandparents lived it emerges. Gordon’s The Rise and Fall of American Growth: The U.S. In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable.

The rise and fall of american growth by robert j gordon