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Author: Robert J. Gordon Publisher: Princeton University Press ISBN: 0691175802 Category : Business & Economics Languages : en Pages : 784
Book Description
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. Robert 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.
Author: Robert J. Gordon Publisher: Princeton University Press ISBN: 1400888956 Category : Business & Economics Languages : en Pages : 785
Book Description
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.
Author: Geir Lundestad Publisher: Oxford University Press ISBN: 0199646104 Category : History Languages : en Pages : 221
Book Description
The Rise and Decline of the American "Empire" explores the rapidly growing literature on the rise and fall of the United States. Lundestad argues that after 1945 the US has definitely been the most dominant power the world has seen. Now, however, he argues the US is in decline, its economic growth is slow and its debt is rising rapidly.
Author: Dietrich Vollrath Publisher: University of Chicago Press ISBN: 0226820041 Category : Business & Economics Languages : en Pages : 273
Book Description
Vollrath challenges our long-held assumption that growth is the best indicator of an economy’s health. Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth. He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.
Author: Daniel Gross Publisher: Simon and Schuster ISBN: 1451621361 Category : Business & Economics Languages : en Pages : 272
Book Description
Financial meltdown, a deep recession, and political polarization—combined with strong growth outside the United States—have led to a global bubble of pessimism surrounding America’s economic prospects. Bloated with debt, and outpaced by China and other emerging markets, the United States has been left for dead as an economic force. But in this time of grim predictions, Daniel Gross, Yahoo! financial columnist and author of Dumb Money, offers a refreshingly optimistic take on our nation’s economic prospects, examining the positive trends that point to a better, stronger future. Widely respected for his Newsweek and Slate coverage of the crash and the recovery, Daniel Gross shows that much of the talk about decline is misplaced. In the wake of the crash, rather than accept the inevitability of a Japan-style lost decade, America’s businesses and institutions tapped into the very strengths that built the nation’s economy into a global powerhouse in the first place: speed, ingenuity, adaptability, pragmatism, entrepreneurship, and, most significant, an ability to engage with the world. As the United States wallowed in self-pity, the world continued to see promise in what America has to offer—buying exports, investing in the United States, and adopting American companies and business models as their own. Global growth, it turns out, is not a zero-sum game. Better, Stronger, Faster is an account of the remarkable reconstruction and reorientation that started in March 2009, a period that Gross compares to March 1933—as both marked the start of unexpected recoveries. As the U.S. public sector undertook aggressive fiscal and monetary actions, the private sector sprang into action. Companies large and small restructured, tapped into long-dormant internal resources, and invested for growth, at home and abroad. Between 2009 and 2011, as Europe struggled with a cascade of crises, the U.S. got back on its feet—and began to run. Through stories of innovative solutions devised by policy makers, businesses, investors, and consumers, Gross explains how America has the potential to emerge from this period, not as the unrivaled ruler of the global economy but as a healthier leader and an enabler of sustainable growth.
Author: Rana Foroohar Publisher: Currency ISBN: 0553447254 Category : Business & Economics Languages : en Pages : 402
Book Description
Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial system propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the system, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.
Author: Robert J. Gordon Publisher: Princeton University Press ISBN: 0691175802 Category : Business & Economics Languages : en Pages : 784
Book Description
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. Robert 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.
Author: InstaRead Summaries Staff Publisher: ISBN: 9781533102591 Category : Languages : en Pages : 0
Book Description
Summary of The Rise and Fall of American Growth by Robert J. Gordon | Includes Analysis Preview: The Rise and Fall of American Growth is an analysis of American growth from 1870 to the present. It focuses especially on the unprecedented "special century" of 1870-1970. Throughout most of human history, economic growth was basically flat or advanced very slowly. After the Civil War in the United States, however, life began to improve exponentially. This was due to a series of "Great Inventions," including, most notably, electricity, the means of channeling and directing electricity, and the internal combustion engine. Homes became tied to systems of electricity, heat, and sewage. The last was particularly important, as cleaner water, abetted by new medicines that immunized against childhood disease, led to a dramatic drop in infant and child mortality. The progress between 1870 and 1970 is routinely underestimated by measures of gross domestic product (GDP) because GDP does not measure the quality of life improvement by increased life expectancy... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of The Rise and Fall of American Growth · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Author: Shortcut Edition Publisher: Shortcut Edition ISBN: Category : Business & Economics Languages : en Pages : 22
Book Description
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. As you read this summary, you will learn that the American growth of the 1870-1970's is a very unique phenomenon that will not be repeated. You will also learn : that the end of the Second World War did not put an end to the prodigious American economic growth born of the war; that inequalities in education are constantly increasing in the United States; that the second industrial revolution has turned man's daily life upside down in all areas; that the boom of the new economy is well and truly over; that economic history accelerated only two centuries ago; that American growth did not evolve in a linear fashion in the 20th century. Economic growth fluctuates widely over time. For eight centuries, between the end of the Roman Empire in 476 and the first part of the Middle Ages, there was no economic growth at all. In the United States, the century following the Civil War, approximately from 1870 to 1970, was the century of revolutions. Revolutions that did not take place in Congress or in government departments, but in homes, in factories, in stores, and in classrooms. Revolutions that were very discreet, but that have turned the daily life of humanity upside down: the radical transformation of the greatest economic growth that the human race has ever known. *Buy now the summary of this book for the modest price of a cup of coffee!
Author: Robert J. Gordon
Author: Robert J. Gordon
Author: Geir Lundestad
Author: Mancur Olson
Author: Dietrich Vollrath
Author: Daniel Gross
Author: Rana Foroohar
Author: Robert J. Gordon
Author: Instaread Summaries
Author: InstaRead Summaries Staff
Author: Shortcut Edition