9780691177847 - The Rise and Fall of American Growth - The U.S. Standard of Living since the Civil War

The Rise and Fall of American Growth - The U.S. Standard of Living since the Civil War

In 'The Rise and Fall of American Growth - The U.S. Standard of Living since the Civil War', Robert J. Gordon presents a monumental examination of the economic history of the United States, tracing the extraordinary rise in the standard of living from the Civil War to the present day and questioning the sustainability of such growth in the future. Gordon meticulously documents the technological and social innovations that propelled the U.S. economy forward, from the advent of electricity and the internal combustion engine to the digital revolution. However, he also argues that the pace of innovation has slowed, and the benefits of recent technological advancements have been less transformative than those of the past. This book is a must-read for anyone interested in understanding the forces that have shaped the American economy and the challenges that lie ahead. With its comprehensive analysis and compelling narrative, Gordon's work offers invaluable insights into the dynamics of economic growth and the factors that contribute to its rise and fall.

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Auteur Robert J. Gordon
ISBN 9780691177847
Taal en
Bindwijze Hardcover
Tags economic history American growth technological innovation standard of living Robert J. Gordon

Robert J. Gordon's 'The Rise and Fall of American Growth' is a tour de force that combines rigorous economic analysis with a compelling historical narrative. One of the book's greatest strengths is its detailed documentation of the technological innovations that have driven American economic growth, providing readers with a deep understanding of how these advancements have transformed everyday life. However, some critics may argue that Gordon's pessimistic outlook on future growth prospects underestimates the potential of emerging technologies. Despite this, the book's thorough research and clear exposition make it an essential read for economists, historians, and anyone interested in the future of the American economy. Gordon's ability to weave together complex economic concepts with accessible storytelling ensures that the book is both informative and engaging, making it a standout contribution to the literature on economic growth.

'The Rise and Fall of American Growth' by Robert J. Gordon offers a comprehensive exploration of the U.S. economy's evolution since the Civil War, highlighting the unprecedented improvements in living standards driven by technological and social innovations. Gordon argues that the period from 1870 to 1970 was unique in history, characterized by rapid growth and transformative changes that significantly enhanced the quality of life for Americans. However, he contends that the pace of innovation has since slowed, and the benefits of recent technological advancements have been more incremental than revolutionary. Through a detailed analysis of economic data and historical trends, Gordon paints a nuanced picture of American growth, acknowledging its remarkable achievements while also cautioning against overly optimistic expectations for the future. This book is a profound reflection on the nature of economic progress and the challenges of sustaining it in the years to come.