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The Rise and Fall of American Growth

Author : Robert J. Gordon
Publisher : Princeton University Press
ISBN 13 : 1400888956
Total Pages : 785 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Rise and Fall of American Growth by : Robert J. Gordon

Download or read book The Rise and Fall of American Growth written by Robert J. Gordon and published by Princeton University Press. This book was released on 2017-08-29 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

The 4% Solution

Author : The Bush Institute
Publisher : Crown Currency
ISBN 13 : 0307986152
Total Pages : 370 pages
Book Rating : 4.3/5 (79 download)

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Book Synopsis The 4% Solution by : The Bush Institute

Download or read book The 4% Solution written by The Bush Institute and published by Crown Currency. This book was released on 2012-07-17 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword by President George W. Bush With contributions from world renowned economists and Nobel prizewinners, The 4% Solution is a blueprint for restoring America’s economic health The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy. The 4% Solution offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing government constraints, The 4% Solution defines the policies that will allow Americans to save, invest, and create the jobs that the United States needs. The 4% Solution draws on the best minds in the business, including five Nobel laureates: · Robert E. Lucas, Jr., on the history and future of economic growth · Gary S. Becker on why we need immigrants in order to grow · Edward Prescott on the cost (to growth) of the welfare state · Vernon Smith on why housing leads us into and out of recessions · Myron Scholes on why we need to innovate in order to grow the economy

American Economic Growth and Standards of Living before the Civil War

Author : Robert E. Gallman
Publisher : University of Chicago Press
ISBN 13 : 0226279472
Total Pages : 410 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis American Economic Growth and Standards of Living before the Civil War by : Robert E. Gallman

Download or read book American Economic Growth and Standards of Living before the Civil War written by Robert E. Gallman and published by University of Chicago Press. This book was released on 2007-12-01 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: This benchmark volume addresses the debate over the effects of early industrialization on standards of living during the decades before the Civil War. Its contributors demonstrate that the aggregate antebellum economy was growing faster than any other large economy had grown before. Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.

Jump-Starting America

Author : Jonathan Gruber
Publisher : Hachette UK
ISBN 13 : 1541762509
Total Pages : 344 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis Jump-Starting America by : Jonathan Gruber

Download or read book Jump-Starting America written by Jonathan Gruber and published by Hachette UK. This book was released on 2019-04-09 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how America once created the most successful economy the world has ever seen—and how we can do it again. The American economy glitters on the outside, but the reality is quite different. Job opportunities and economic growth are increasingly concentrated in a few crowded coastal enclaves. Corporations and investors are disproportionately developing technologies that benefit the wealthiest Americans in the most prosperous areas -- and destroying middle class jobs elsewhere. To turn this tide, we must look to a brilliant and all-but-forgotten American success story and embark on a plan that will create the industries of the future -- and the jobs that go with them. Beginning in 1940, massive public investment generated breakthroughs in science and technology that first helped win WWII and then created the most successful economy the world has ever seen. Private enterprise then built on these breakthroughs to create new industries -- such as radar, jet engines, digital computers, mobile telecommunications, life-saving medicines, and the internet-- that became the catalyst for broader economic growth that generated millions of good jobs. We lifted almost all boats, not just the yachts. Jonathan Gruber and Simon Johnson tell the story of this first American growth engine and provide the blueprint for a second. It's a visionary, pragmatic, sure-to-be controversial plan that will lead to job growth and a new American economy in places now left behind.

Rising Tide

Author : Lawrence Edwards
Publisher : Peterson Institute
ISBN 13 : 0881325007
Total Pages : 299 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Rising Tide by : Lawrence Edwards

Download or read book Rising Tide written by Lawrence Edwards and published by Peterson Institute. This book was released on 2013 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1963, John F. Kennedy said that "a rising tide lifts all the boats. And a partnership, by definition, serves both parties, without domination or unfair advantage." US international economic policy since World War II has been based on the premise that foreign economic growth is in America's economic, as well as political and security, self-interest. The bursting of the speculative dot.com bubble, slowing US growth, and the global financial crisis and its aftermath, however, have led to radical changes in Americans' perceptions of the benefits of global trade. Many Americans believe that trade with emerging-market economies is the most important reason for US job loss, especially in manufacturing, and is detrimental to American welfare and an important source of wage inequality. Several prominent economists have reinforced these public concerns. In this study, Lawrence Edwards and Robert Z. Lawrence confront these fears through an extensive survey of the empirical literature and in depth analyses of the evidence. Their conclusions contradict several popular theories about the negative impact of US trade with developing countries. They find considerable evidence that while adjusting to foreign economic growth does present America with challenges, growth in emerging-market economies is in America's economic interest. It is hard, of course, for Americans to become used to a world in which the preponderance of economic activity is located in Asia. But one of America's great strengths is its adaptability. And if it does adapt, the American economy can be buoyed by that rising tide.

Economic Development in the Americas Since 1500

Author : Stanley L. Engerman
Publisher : Cambridge University Press
ISBN 13 : 1107009553
Total Pages : 449 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Economic Development in the Americas Since 1500 by : Stanley L. Engerman

Download or read book Economic Development in the Americas Since 1500 written by Stanley L. Engerman and published by Cambridge University Press. This book was released on 2012 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.

Prospects for Economic Growth in the United States

Author : John W. Diamond
Publisher :
ISBN 13 : 9781108856089
Total Pages : pages
Book Rating : 4.8/5 (56 download)

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Book Synopsis Prospects for Economic Growth in the United States by : John W. Diamond

Download or read book Prospects for Economic Growth in the United States written by John W. Diamond and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This volume brings together a distinguished group of world-renowned economists to explore the challenges of maintaining vigorous economic growth in the United States, including issues related to demographics, social insurance programs, technological progress, human capital accumulation, immigration, income inequality, financial institutions, and fiscal policy. The volume consists of a set of papers that were presented at a conference on the "Prospects for Economic Growth in the United States," which was one of a series of events celebrating the 25th anniversary of Rice University's Baker Institute for Public Policy. The conference was sponsored by the Baker Institute's Center for Public Finance and held at Rice on December 6-7, 2018"--

The Formula for Economic Growth on Main Street America

Author : Gerald L. Gordon
Publisher : CRC Press
ISBN 13 : 1420093924
Total Pages : 187 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis The Formula for Economic Growth on Main Street America by : Gerald L. Gordon

Download or read book The Formula for Economic Growth on Main Street America written by Gerald L. Gordon and published by CRC Press. This book was released on 2009-07-29 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: The community that establishes and maintains a solid economic framework greatly improves its chances of sustaining itself through fluctuations in the economy. The question is, of course, how can city officials and administrators make this happen? The Formula for Economic Growth on Main Street America examines why economic growth during the late twe

Economic Growth with Equity

Author : José Luis Machinea
Publisher : Springer
ISBN 13 : 0230800912
Total Pages : 262 pages
Book Rating : 4.2/5 (38 download)

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Book Synopsis Economic Growth with Equity by : José Luis Machinea

Download or read book Economic Growth with Equity written by José Luis Machinea and published by Springer. This book was released on 2006-11-28 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the development challenge faced by Latin America at a time at which the concerns for the large inequality in the region are at a peak. This volume focuses on growth-with-equity, and is written by an outstanding group of Latin American and international researchers and policy-makers.

Trends in American Economic Growth, 1929-1982

Author : Edward Fulton Denison
Publisher : Brookings Institution Press
ISBN 13 : 9780815718093
Total Pages : 141 pages
Book Rating : 4.7/5 (18 download)

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Book Synopsis Trends in American Economic Growth, 1929-1982 by : Edward Fulton Denison

Download or read book Trends in American Economic Growth, 1929-1982 written by Edward Fulton Denison and published by Brookings Institution Press. This book was released on 1985 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth rate of national income has fluctuated widely in the United States since 1929. In this volume, Edward F. Denison uses the growth accounting methodology he pioneered and refined in earlier studies to track changes in the trend of output and its determinants. At every step he systematically distinguishes changes in the economy’s ability to produce--as measured by his series on potential national income--from changes in the ratio of actual output to potential output.Using data for earlier years as a backdrop, Denison focuses on the dramatic decline in the growth of potential national income that started in 1974 and was further accentuated beginning in 1980, and on the pronounced decline from business cycle to business cycle in the average ratio of actual to potential output, a slide under way since 1969. The decline in growth rates has been especially pronounced in national income per person employed and other productivity measures as growth of total outputhas slowed despite a sharp acceleration in growth of employment and total hours at work. Denison organizes his discussion around eight table that divide 1929-82 into three long periods (the last, 1973-82) and seven shorter periods (the most recent, 1973-79 and 1979-82). These tables provide estimates of the sources of growth for eight output measures in each period. Denison stresses that the 1973-82 period of slow growth in unfinished. He observes no improvement in the productivity trend, onlya weak cyclical recovery from a 1982 low. Sources-of-growth tables isolate the contributions made to growth between "input” and "output per unit of input.” Even so, it is not possible to quantify separately the contribution of all determinants, and Denison evaluates qualitatively the effects of other developments on the productivity slowdown.

Measuring America

Author : Andrew L. Yarrow
Publisher : Univ of Massachusetts Press
ISBN 13 : 9781558498358
Total Pages : 0 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Measuring America by : Andrew L. Yarrow

Download or read book Measuring America written by Andrew L. Yarrow and published by Univ of Massachusetts Press. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the rise of economic thinking in the United States after World War II

Fully Grown

Author : Dietrich Vollrath
Publisher : University of Chicago Press
ISBN 13 : 0226820041
Total Pages : 273 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Fully Grown by : Dietrich Vollrath

Download or read book Fully Grown written by Dietrich Vollrath and published by University of Chicago Press. This book was released on 2022-06-24 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vollrath challenges our long-held assumption that growth is the best indicator of an economy’s health. Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth. He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.

Managing Growth in America's Communities

Author : Douglas R. Porter
Publisher : Island Press
ISBN 13 : 1597266108
Total Pages : 336 pages
Book Rating : 4.5/5 (972 download)

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Book Synopsis Managing Growth in America's Communities by : Douglas R. Porter

Download or read book Managing Growth in America's Communities written by Douglas R. Porter and published by Island Press. This book was released on 2012-09-26 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thoroughly revised edition of Managing Growth in America’s Communities, readers will learn the principles that guide intelligent planning for communities of any size, grasp the major issues in successfully managing growth, and discover what has actually worked in practice (and where and why). This clearly written book details how American communities have grappled with the challenges of planning for growth and the ways in which they are adapting new ideas about urban design, green building, and conservation. It describes the policies and programs they have implemented, and includes examples from towns and cities throughout the U.S. Growth management is essential today, as communities seek to control the location, impact, character, and timing of development in order to balance environmental and economic needs and concerns. The author, who is one of the nation’s leading authorities on managing community growth, provides examples from dozens of communities across the country, as well as state and regional approaches. Brief profiles present overviews of specific problems addressed, techniques utilized, results achieved, and contact information for further research. Informative sidebars offer additional perspectives from experts in growth management, including Robert Lang, Arthur C. Nelson, Erik Meyers, and others. In particular, he considers issues of population growth, eminent domain, and the importance of design, especially green design. He also reports on the latest ideas in sustainable development, smart growth, neighborhood design, transit-oriented development, and green infrastructure planning. Like its predecessor, the second edition of Managing Growth in America’s Communities is essential reading for anyone who is interested in how communities can grow intelligently.

The Decline of Latin American Economies

Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 0226185036
Total Pages : 427 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis The Decline of Latin American Economies by : Sebastian Edwards

Download or read book The Decline of Latin American Economies written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2009-02-15 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and historians. The Decline of Latin American Economies examines the reality behind the struggling economies of Argentina, Chile, and Mexico. A distinguished panel of experts argues here that slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and political unrest undermined the financial outlook of already besieged economies. Tracing Latin America’s growth and decline through two centuries, this volume illustrates how a once-prosperous continent now lags behind. Of interest to scholars and policymakers alike, it offers new insight into the relationship between political systems and economic development.

The Great Stagnation

Author : Tyler Cowen
Publisher : Penguin
ISBN 13 : 1101502258
Total Pages : 98 pages
Book Rating : 4.1/5 (15 download)

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Book Synopsis The Great Stagnation by : Tyler Cowen

Download or read book The Great Stagnation written by Tyler Cowen and published by Penguin. This book was released on 2011-01-25 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.

Unequal Gains

Author : Peter H. Lindert
Publisher : Princeton University Press
ISBN 13 : 0691178275
Total Pages : 420 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Unequal Gains by : Peter H. Lindert

Download or read book Unequal Gains written by Peter H. Lindert and published by Princeton University Press. This book was released on 2017-12-05 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly thought. Long before independence, American colonists enjoyed higher living standards than Britain—and America's income advantage today is no greater than it was three hundred years ago. But that advantage was lost during the Revolution, lost again during the Civil War, and lost a third time during the Great Depression, though it was regained after each crisis. In addition, Lindert and Williamson show how income inequality among Americans rose steeply in two great waves—from 1774 to 1860 and from the 1970s to today—rising more than in any other wealthy nation in the world. Unequal Gains also demonstrates how the widening income gaps have always touched every social group, from the richest to the poorest. The book sheds critical light on the forces that shaped American income history, and situates that history in a broad global context. Economic writing at its most stimulating, Unequal Gains provides a vitally needed perspective on who has benefited most from American growth, and why.

Growth in America, 1865-1914

Author : Rebecca Stefoff
Publisher : Cavendish Square Publishing, LLC
ISBN 13 : 9780761413493
Total Pages : 52 pages
Book Rating : 4.4/5 (134 download)

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Book Synopsis Growth in America, 1865-1914 by : Rebecca Stefoff

Download or read book Growth in America, 1865-1914 written by Rebecca Stefoff and published by Cavendish Square Publishing, LLC. This book was released on 2002-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the territorial expansion of the United States following the Civil War, as well as the country's increasing role in international affairs and its growing population.