
The Rise and Fall of American Growth
Robert J. Gordon
(Author)Description
How America's high standard of living came to be and why future growth is under threat
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.
Product Details
Publisher | Princeton University Press |
Publish Date | January 12, 2016 |
Pages | 784 |
Language | English |
Type | |
EAN/UPC | 9780691147727 |
Dimensions | 9.4 X 6.3 X 2.2 inches | 3.1 pounds |
About the Author
Reviews
"[The Rise and Fall of American Growth] has set the wonky world of economics aflame."---Ryan Craig, TechCrunch
"[The Rise and Fall of American Growth] is this year's equivalent to Thomas Piketty's Capital in the 21st Century: an essential read for all economists, who are unanimously floored by its boldness and scope even if they don't agree with its conclusions."---Adam Davidson, New York Times Magazine
"[A] contentious new book."---Margaret Wente, Globe & Mail
"[A] fabulous new book. . . . Impressive."---Mike Walden, Morganton News Herald
"[A] lightning bolt of a new book."---Harold Meyerson, American Prospect
"[A] magisterial treatise."---Nick Gillespie, Reason.com
"A masterful study to be read and reread by anyone interested in today's political economy."-- "Kirkus Reviews"
"An essential read for anyone interested not only in US economic history but also American economic prospects . . . a tremendous achievement."---Diane Coyle, Enlightened Economist
"Every presidential candidate should be asked what policies he or she would offer to increase the pace of U.S. productivity growth and to narrow the widening gap between winners and losers in the economy. Bob Gordon's list is a good place to start."---David Wessel, WSJ.com
"Gordon argues that we are not going to get another surge soon and that there are several headwinds that are going to work against faster growth, including income inequality, education as a differentiator and not an equalizer, the debt overhang, and demography."---John Mason, TheStreet.com
"Gordon is not an alarmist, far from it. His is a sober voice of concern, of caution, which needs to be heard by those in the helm in America. And a fascinating lesson for ambitious and growing countries like India."---R. Balashankar, Sunday Guardian
"Gordon uses exhaustive historic data to buttress his thesis."---Greg Ip, Wall Street Journal
"Groundbreaking."---Zeeshan Aleem, Mic
"In the course of Gordon's book, a vivid picture of everyday life as our parents, grandparents, and great-grandparents lived it emerges. . . . What lingers in my mind, alongside these ideas, is a new, weightier sense of the past, and of what the people who lived in it ate, touched, heard, saw, and did. Reading The Rise and Fall of American Growth, I thought a lot about my grandparents. Gordon's book has made their lives more real to me."---Joshua Rothman, NewYorker.com
"Influential."---Martin Neil Baily, Fortune.com
"Magiserial. . . . The Northwestern University professor lays out the case that the productivity miracle underlying the American way of life was largely a one-time deal."---Matt Phillips, Quartz
"Magnificent. . . . Gordon presents his case . . . with great style and panache, supporting his argument with vivid examples as well as econometric data. . . . Even if history changes direction . . . this book will survive as a superb reconstruction of material life in America in the heyday of industrial capitalism."-- "The Economist"
"Massive."---Ben Casselman, FiveThirty Eight
"Monumental."---John Cassidy, NewYorker.com
"Northwestern Bob Gordon's new book, The Rise and Fall of American Growth, offers a deeper explanation for the underlying mechanics behind slowed economic growth."---Jon Hartley, Forbes.com
"Provocative."---Barrie McKenna, The Globe & Mail
"Robert Gordon's 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
"So much of what the presidential candidates and the American people want to accomplish over the next four years and beyond depends on the U.S. economy growing faster, and more inclusively, than it has in recent years. This year's hot economics book, The Rise and Fall of American Growth, by one of America's most distinguished macroeconomists, Robert Gordon, casts a pall on whether this is possible, arguing that the U.S. had a golden century of increasing innovation from roughly 1870 to 1970, but this was unique."---Robert Litan, Fortune.com
"So powerful and intriguing are the facts and arguments marshaled by Gordon that even informed critics who think he is wrong recommend that readers plow through his The Rise and Fall of American Growth, with its 60 graphics and 64 tables spread over more than 700 pages. You don't need to be an economist to appreciate or understand the book. His thesis is straightforward."---David Cay Johnston, Al Jazeera America.com
"The book is well written, and one can only be in awe of Gordon's mastery of the factual history of the American standard of living."---Robert A. Margo, EH.net
"The year's most important book on economics. . . . What Gordon has provided is not a rejection of technology but a sobering reminder of its limits."---Robert Samuelson, Washington Post
"The Thomas Piketty-esque economic must read of the year."---Rana Foroohar, Time
"This panoramic book makes good reading."---Shane Greenstein, Harvard Magazine
"What is novel about Gordon's approach to this problem is that he doesn't try to find political causes for our economic woes. . . . Exhaustive and sweeping in scope, and novel in its thinking about growth."---Chris Matthews, Fortune.com
"With a painstaking--and fascinating--historical analysis of American productivity, [Gordon] argues that the innovations of today pale in comparison to earlier in our history and that we might actually be entering a period of prolonged stagnation. He may very well be right."---Greg Satell, Forbes.com
Earn by promoting books