The Rise and Fall of American Growth The U S Standard of Living since the Civil War 1st edition by Robert Gordon ISBN 0691147728 978-0691147727

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ISBN 10: 0691147728
ISBN 13: 978-0691147727
Author: Robert Gordon

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.

The Rise and Fall of American Growth The U.S. Standard of Living since the Civil War 1st Table of contents:

1. Introduction: The Ascent and Descent of Growth

Part I. 1870–1940—The Great Inventions Create a Revolution Inside and Outside the Home

2. The Starting Point: Life and Work in 1870

3. What They Ate and Wore and Where They Bought It

4. The American Home: From Dark and Isolated to Bright and Networked

5. Motors Overtake Horses and Rail: Inventions and Incremental Improvements

6. From Telegraph to Talkies: Information, Communication, and Entertainment

7. Nasty, Brutish, and Short: Illness and Early Death

8. Working Conditions on the Job and at Home

9. Taking and Mitigating Risks: Consumer Credit, Insurance, and the Government

Entr’acte. The Midcentury Shift from Revolution to Evolution

Part II. 1940–2015—The Golden Age and the Early Warnings of Slower Growth

10. Fast Food, Synthetic Fibers, and Split-Level Subdivisions: The Slowing Transformation of Food, Clothing, and Housing

11. See the USA in Your Chevrolet or from a Plane Flying High Above

12. Entertainment and Communications from Milton Berle to the iPhone

13. Computers and the Internet from the Mainframe to Facebook

14. Antibiotics, CT Scans, and the Evolution of Health and Medicine

15. Work, Youth, and Retirement at Home and on the Job

Entr’acte. Toward an Understanding of Slower Growth

Part III. The Sources of Faster and Slower Growth

16. The Great Leap Forward from the 1920s to the 1950s: What Set of Miracles Created It?

17. Innovation: Can the Future Match the Great Inventions of the Past?

18. Inequality and the Other Headwinds: Long-Run American Economic Growth Slows to a Crawl

Postscript: America’s Growth Achievement and the Path Ahead

Afterword to the Paperback Edition

Acknowledgments

Data Appendix

Notes

References

Credits

Index

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