The Rise and Fall of American Growth
The Rise and Fall of American Growth 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…
Specifikacia The Rise and Fall of American Growth
The Rise and Fall of American Growth
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. But has that era of unprecedented growth come to an end? Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces.
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 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.
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