The Rise and Fall of American Growth. The U.S. Standard of Living Since the Civil War
World in the 19th and 20th c.
089465
Princeton
2016
16,5×24
tvrdi s omotom
762
engleski
Price: 30,00 EUR
A seminal work of economic history by Robert J. Gordon, a renowned American macroeconomist and Professor of Social Sciences at Northwestern University. Named by Bloomberg as one of the fifty most influential people in the world, Gordon challenges the very foundations of modern economic optimism in this comprehensive and provocative study. Analyzing the century following the American Civil War, the author convincingly argues that the period between 1870 and 1970 constituted a unique and unrepeatable economic revolution in human history. Inventions such as electricity, running water and indoor plumbing, motor vehicles, air travel, and monumental advances in medicine fundamentally transformed daily life and dramatically raised the standard of living. Gordon’s foundational and deeply reasoned thesis is that such a transformational leap cannot be repeated, and that contemporary digital and computer innovations do not have nearly the same impact on productivity and actual quality of life. Consequently, the economy faces a long-term slowdown, further burdened by an aging demographic, inequality, and rising debt. The book comes with its original dust jacket (jacket design by Faceout Studio) featuring a reproduction of William Gropper's 1939 artwork titled "Construction of a Dam." This edition includes a detailed bibliographic apparatus, indexes, and extensive accompanying charts and tables.
