"The Rise and Fall of American Growth" is a non-fiction book by American economist Robert J. Gordon, first published in 2016. The book examines the period of American history between 1870 and 1970, which Gordon refers to as the "special century." During this time, the United States experienced unprecedented economic growth and technological progress, which transformed the country and the world. Gordon argues, however, that this period of growth was an anomaly in human history and that the rapid technological progress and productivity gains of this period have not been replicated since.
The book provides a detailed historical and economic analysis of the key drivers of American growth during this period, including electrification, indoor plumbing, transportation, and communication. Gordon argues that the benefits of these technologies have largely been realized and that future gains are likely to be more modest. He also examines the challenges facing the United States in the 21st century, including rising income inequality, environmental degradation, and demographic shifts.
"The Rise and Fall of American Growth" is a thought-provoking and insightful book that challenges conventional wisdom about economic growth and technological progress. It has been praised for its rigor, depth, and historical perspective, and has been widely discussed in academic and policy circles.
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