![]() He contends that the nation's productivity growth, which has already slowed to a crawl, will be further held back by the vexing headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government. But has that era of unprecedented growth come to an end? Gordon challenges the view that economic growth can or will continue unabated, and he demonstrates that the life-altering scale of innovations between 18 can't be repeated. Gordon claims to be more sanguine than is suggested by the book’s title, which 'might seem to imply a message of success followed by failure.' Perhaps he is. Weaving together a narrative, historical anecdotes, and economic analysis, this book provides an in-depth account of this momentous era. With medical advances, life expectancy between 18 grew from forty-five to seventy-two years. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. ![]() Summary: "In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. ![]()
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