This book is a landmark-there is nothing else like it." -Robert Solow, Nobel Laureate in Economics His answer will surprise you and challenge conventional assumptions about the future of economic growth. Gordon provides colorful details and striking statistics about how the way we live has changed, and he asks whether we will live happily ever after. "The story of our standard of living is a vital part of American history and is well told in this fascinating book. "synopsis" may belong to another edition of this title. 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. 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. 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 18 cannot be repeated. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable.
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