A New York Times Best Seller
In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. With medical advances, life expectancy between 1870 and 1970 grew from 45 to 72 years. Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth provides an in-depth account of this momentous era. But has that era of unprecedented growth come to an end?
Gordon challenges the view that economic growth can or will continue unabated, and he demonstrates that the life-altering scale of innovations between 1870 and 1970 can't be repeated. He contends that the nation's productivity growth, which has already slowed to a crawl, will be further held back by the vexing headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government. Gordon warns that the younger generation may be the first in American history that fails to exceed their parents' standard of living, and that rather than depend on the great advances of the past, we must find new solutions to overcome the challenges facing us.
A critical voice in the debates over economic stagnation, 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.
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©2016 Princeton University Press (P)2016 Audible, Inc.
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"The book is a great review of how we got to where we are today"
I loved the review of the industrial revolution and learning where various technological changes came from. His suggestions of how to increase American growth seemed pretty standard though. I was disappointed with that. It seemed like he just phoned in that part of the book. We've heard all those recommendations before. The book is worth the time though.
"good book. OK audio book."
love economics and hearing about how the world has changed in the past 100 years. this book does rely on lots of charts and graphs so the listener is often lost following along but over all worth a listen.
"Excellent Book, Too many charts for listening"
I enjoyed this book, particularly the comparisons of life in the US before and after 1870.There are too many charts and numbers in this book to always allow one to only listen. Book was written to be read "in person" with numbers and charts available for viewing and reviewing. The performance was technically well done, but somehow off-putting and slightly irritating. Still all in all I listened to the entire book and am happy that I bought it.
Excellent history - like time travel for reader. Should be required reading for public office seekers. Sound recommendations. On a par with Piketty. Practical, persuasive economics. Nobel folks should take note.
I would certainly recommend this book to a friend, yes. I chose this book because the topic of productivity, GDP growth and understanding standards of living is of interest to me. What I had not expected but really like about this book is its historical perspective - it is what I had been looking for in other books but never found.
I can only think to compare it to other history books that roll out historical events without giving such context as this book provides.
Mainly disliked the occasional mispronunciation.
It provided fantastic context for understanding life over the past 146 years. Many of the key points were repeated two or three times which I might normally consider padding but given that I listened to the book while driving and never for more than 25 minutes at a time it worked well for me.
The story is very informative.
The performer keeps referring to figures. It would be nice if we could see them. There is no PDF available.
This book will put in perspective many of he things you already know but in a very organized way bringing more meaning to them.
It makes you think about the times we are leaving and into the future.
Strongly recommend it... L O N G but worth it...
An interesting argument backed up with plenty of facts and data. Not overly enjoyable though.
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