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The Rise and Fall of American Growth The U.S.
Standard of Living since the Civil War (The
Princeton Economic History of the Western
World, 70)
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The Rise and Fall of American Growth The U.S.
Standard of Living since the Civil War (The
Princeton Economic History of the Western World,
70)
6
Description
How America's high standard of living came to be
and why future growth is under threatIn 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.