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The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War Robert J. Gordon. A New York Times Bestseller.
Robert J. Gordon is among the most influential macroeconomists in the world. And the big picture he sees is not altogether rosy.
Short:
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 forty-five to seventy-two 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? |
