The Rise And Fall Of American Growth Book: A Summary

Chapter 1 What's The Rise And Fall Of American Growth Book

The Rise and Fall of American Growth is a book by economist Robert J. Gordon that examines the history of economic growth in the United States from the late 19th century to the present day. Gordon argues that the period from 1870 to 1970 was a unique era of rapid and sustained economic growth, driven by technological innovations such as electricity, the internal combustion engine, and modern communication technologies.

However, Gordon suggests that this era of rapid growth has come to an end, and that the United States is now facing a "headwinds" that are likely to slow economic growth in the future. These headwinds include demographic changes, rising inequality, and the diminishing returns of technological innovations.

The book has been praised for its detailed analysis of long-term economic trends and its provocative arguments about the future of economic growth in the United States. Critics, however, have questioned some of Gordon's conclusions and argued that technological innovation may still have the potential to drive economic growth in the future.

Chapter 2 Is The Rise And Fall Of American Growth Book recommended for reading?

The Rise and Fall of American Growth by Robert J. Gordon is a highly acclaimed and well-researched book that offers a comprehensive analysis of economic growth and technological innovation in the United States over the past century. The book provides valuable insights into the factors that have contributed to America's economic prosperity and challenges the notion that future growth will be able to match the rapid pace of innovation seen in the past. Overall, this book is considered a must-read for anyone interested in understanding the history and future of American economic growth.

Chapter 3 The Rise And Fall Of American Growth Book Summary

"The Rise and Fall of American Growth" by Robert J. Gordon is a comprehensive analysis of the economic history of the United States from 1870 to 1970. In the book, Gordon argues that this period marked a significant turning point in American history, characterized by rapid economic growth and technological innovation that transformed the country.

Gordon explores the key drivers of this growth, including industrialization, urbanization, electrification, and the development of modern transportation and communication systems. He also examines the role of government policies, education, and entrepreneurship in fueling this period of prosperity.

However, Gordon also warns that the era of rapid economic growth may be coming to an end. He argues that the United States is facing a number of challenges that threaten to stifle future economic progress, including demographic changes, income inequality, and a slowdown in technological innovation.

Overall, "The Rise and Fall of American Growth" offers a thought-provoking analysis of the factors that have shaped the American economy over the past century. It provides valuable insights into the historical forces that have driven economic growth in the United States and raises important questions about the prospects for future growth and prosperity.

Chapter 4 Meet the Writer of The Rise And Fall Of American Growth Book

The author of The Rise and Fall of American Growth is Robert J. Gordon. The book was first published in January 2016. Robert J. Gordon is an economist and Stanley G. Harris Professor in the Social Sciences at Northwestern University.

In addition to The Rise and Fall of American Growth, Gordon has also written several other books including:

1. Macroeconomics (12th edition) - This textbook is widely used in universities and is considered one of the best introductory macroeconomics textbooks.

2. Productivity Growth, Inflation, and Unemployment: The Collected Essays of Robert J. Gordon - This book is a collection of essays by Gordon on various economic topics.