The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War

Robert J. Gordon explores the profound transformations in the American economy post-Civil War, chronicling the dramatic rise in living standards that reshaped the nation. He delves into the technological advancements and innovations that fueled remarkable economic growth, allowing for unprecedented improvements in productivity, health, and overall quality of life. This period of prosperity, characterized by the rise of the middle class, is meticulously detailed as Gordon connects these changes to the social and cultural shifts that defined a generation.

However, the narrative does not solely celebrate progress; it also critically examines the limitations and eventual stagnation of this growth trajectory. Gordon scrutinizes the factors that have led to a decline in the pace of growth and a reversal of fortunes for many. Through a comprehensive analysis, he reveals the complexities of American economic history, offering insights that challenge conventional understandings and provoke contemplation on the future of the standard of living in the United States.