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.
#934423 in Books Princeton University Press 2007-07-22 2007-07-22Original language:EnglishPDF # 1 9.00 x 1.03 x 6.00l; 1.27 #File Name: 0691134111416 pages
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