Description
Experience the profound insights of The Rise and Fall of American Growth, a groundbreaking book that explores the seismic shifts in the American economy from 1870 to 1970. Authored by renowned economist Robert J. Gordon, this compelling narrative delves into how innovations such as electric lighting, indoor plumbing, and the advent of the automobile transformed the American standard of living beyond imagination. This trade paperback edition published by Princeton University Press in 2017 presents not only a vivid recounting of historical events but also critical economic analysis. Gordon argues that the remarkable productivity growth witnessed in the past century is unlikely to be repeated, pointing to factors such as rising inequality, stagnating educational attainment, and an aging population as significant barriers to future growth. With its thought-provoking insights, The Rise and Fall of American Growth provides essential context for understanding today’s economic landscape. This essential read for students, educators, and policy makers addresses pressing issues such as the impact of federal debt and the economic implications of college student loans. Discover the challenges ahead and the innovative solutions needed to navigate the complex future of economic growth as you uncover why this book is more than just an historical account; it's a critical analysis of our current economic trajectory and a roadmap for future generations.