The Rise and Fall of American Growth – The U.S. Standard of Living Since the Civil War
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Détail sur le produit
- Rang parmi les ventes Amazon: #6112 dans Livres
- Publié le: 2016-02-04
- Langue d'origine: Anglais
- Nombre d'articles: 1
- Dimensions: 9.40" h x 2.20" l x 6.30" L, .0 livres
- Reliure: Relié
- 784 pages
Présentation de l'éditeur
Discusses how the era of growth and innovations, which included the widespread affordability of amazing advances, from electricity to air travel, has ended and warns that the younger generation may be the first ever not to exceed their parents' standard of living
Commentaires clients les plus utiles
6 internautes sur 7 ont trouvé ce commentaire utile.
From revolution to stagnation
Par Christian Nugue
R.J. Gordons magnificent work has been duly praised by the likes of Paul Krugman. No need to elaborate here. What I like about it is that it combines a flurry of econometric data with vivid portraits of material life, notably in rural America. Light bulb, radio, running hot water, movie theaters, cars, etc.. completely changed the life of millions in a way we can only imagine. The temporal frame - 1870-1940 - chosen for this huge retrospective emphasizes the breathless rythm of the innovations.
According to the author, this accumulative process has now come to and end and we can only contemplate a series of minor changes that will alter our lives only marginally. What we are facing now is a tepid economic growth and incremental innovation. In other words the digital revolution is hyped. Whether this rise-and-fall thesis proves to be wrong or right, R.J.Gordons book is an absolute must.