The Rise and Fall of American Growth

The Rise and Fall of American Growth

Author: Robert J. Gordon

Publisher: Princeton University Press

Published: 2017-08-29

Total Pages: 785

ISBN-13: 1400888956

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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.


A Culture of Growth

A Culture of Growth

Author: Joel Mokyr

Publisher: Princeton University Press

Published: 2016-11-15

Total Pages: 417

ISBN-13: 0691168881

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Why Enlightenment culture sparked the Industrial Revolution During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture—the beliefs, values, and preferences in society that are capable of changing behavior—was a deciding factor in societal transformations. Mokyr looks at the period 1500–1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the “Republic of Letters” freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China’s version of the Enlightenment remained controlled by the ruling elite. Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.


The Orange Economy

The Orange Economy

Author: Inter American Development Bank

Publisher: Inter-American Development Bank

Published: 2013-10-01

Total Pages: 242

ISBN-13:

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This manual has been designed and written with the purpose of introducing key concepts and areas of debate around the "creative economy", a valuable development opportunity that Latin America, the Caribbean and the world at large cannot afford to miss. The creative economy, which we call the "Orange Economy" in this book (you'll see why), encompasses the immense wealth of talent, intellectual property, interconnectedness, and, of course, cultural heritage of the Latin American and Caribbean region (and indeed, every region). At the end of this manual, you will have the knowledge base necessary to understand and explain what the Orange Economy is and why it is so important. You will also acquire the analytical tools needed to take better advantage of opportunities across the arts, heritage, media, and creative services.


New Jersey

New Jersey

Author: Maxine N. Lurie

Publisher: Rutgers University Press

Published: 2012-11-07

Total Pages: 335

ISBN-13: 0813554101

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New Jersey: A History of the Garden State presents a fresh, comprehensive overview of New Jersey’s history from the prehistoric era to the present. The findings of archaeologists, political, social, and economic historians provide a new look at how the Garden State has evolved. The state has a rich Native American heritage and complex colonial history. It played a pivotal role in the American Revolution, early industrialization, and technological developments in transportation, including turnpikes, canals, and railroads. The nineteenth century saw major debates over slavery. While no Civil War battles were fought in New Jersey, most residents supported it while questioning the policies of the federal government. Next, the contributors turn to industry, urbanization, and the growth of shore communities. A destination for immigrants, New Jersey continued to be one of the most diverse states in the nation. Many of these changes created a host of social problems that reformers tried to minimize during the Progressive Era. Settlement houses were established, educational institutions grew, and utopian communities were founded. Most notably, women gained the right to vote in 1920. In the decades leading up to World War II, New Jersey benefited from back-to-work projects, but the rise of the local Ku Klux Klan and the German American Bund were sad episodes during this period. The story then moves to the rise of suburbs, the concomitant decline of the state’s cities, growing population density, and changing patterns of wealth. Deep-seated racial inequities led to urban unrest as well as political change, including such landmark legislation as the Mount Laurel decision. Today, immigration continues to shape the state, as does the tension between the needs of the suburbs, cities, and modest amounts of remaining farmland. Well-known personalities, such as Jonathan Edwards, George Washington, Woodrow Wilson, Dorothea Dix, Thomas Edison, Frank Hague, and Albert Einstein appear in the narrative. Contributors also mine new and existing sources to incorporate fully scholarship on women, minorities, and immigrants. All chapters are set in the context of the history of the United States as a whole, illustrating how New Jersey is often a bellwether for the nation..


New Jersey's Postsuburban Economy

New Jersey's Postsuburban Economy

Author: James W. Hughes

Publisher: Rutgers University Press

Published: 2014-10-10

Total Pages: 158

ISBN-13: 0813572037

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New Jersey has a long history of adapting to a changing economic climate. From its colonial origins to the present day, New Jersey's economy has continuously and successfully confronted the challenges and uncertainties of technological and demographic change, placing the state at the forefront of each national and global economic era. Based on James W. Hughes and Joseph J. Seneca’s nearly three-decade-long Rutgers Regional Report series, New Jersey’s Postsuburban Economy presents the issues confronting the state and brings to the forefront ideas for meeting these challenges. From the rural agricultural and natural resource based economy and lifestyle of the seventeenth century to today’s postindustrial, suburban-dominated, automobile-dependent economy, the economic drivers which were considered to be an asset are now viewed by many to be the state’s greatest disadvantage. On the brink of yet another transformation, this one driven by a new technology and an internet based global economy, New Jersey will have to adapt itself yet again—this time to a postsuburban digital economy. Hughes and Seneca describe the forces that are now propelling the state into yet another economic era. They do this in the context of historical economic transformations of New Jersey, setting out the technological, demographic, and transportation shifts that defined and drove them.


Going Digital: Shaping Policies, Improving Lives

Going Digital: Shaping Policies, Improving Lives

Author: OECD

Publisher: OECD Publishing

Published: 2019-03-11

Total Pages: 171

ISBN-13: 9264312013

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This report identifies seven policy dimensions that allow governments – together with citizens, firms and stakeholders – to shape digital transformation to improve lives. It also highlights key opportunities, challenges and policies related to each dimension, offers new insights, evidence and analysis, and provides recommendations for better policies in the digital age.


Equality and Efficiency REV

Equality and Efficiency REV

Author: Arthur M. Okun

Publisher: Brookings Institution Press

Published: 2015-04-30

Total Pages: 171

ISBN-13: 0815726546

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Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency," a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: On what one might think of as questions of "economic philosophy," I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems. With a new foreword by Lawrence H. Summers


Endangering Prosperity

Endangering Prosperity

Author: Eric A. Hanushek

Publisher: Brookings Institution Press

Published: 2013-06-19

Total Pages: 161

ISBN-13: 0815703732

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"Compares the performance of American schools with that of other countries against the background of an increasingly globalizing world, introducing new competition for talent, markets, capital, and opportunity, and shows mixed results for U.S. students and recommends areas where American schools and education should be improved"-- Provided by publisher.