From 1870 to 1970, living standards increased more rapidly than at any time before or after.
William D. Nordhaus reviews Robert J. Gordon‘s ‘The Rise and Fall of American Growth,‘ which “represents the results of a lifetime of research by one of America’s leading macroeconomists.“
Robert Gordon has written a magnificent book on the economic history of the United States over the last one and a half centuries. His study focuses on what he calls the “special century” from 1870 to 1970—in which living…
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