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.
Download or read book Living Standards in Southeast Asia written by Anne Booth and published by Transforming Asia. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Living Standards in Southeast Asia: Changes over the Long Twentieth Century, 1900-2015 examines changes in living standards across the ten countries of Southeast Asia (Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei, Myanmar, Vietnam, Cambodia and Laos) from the early years of the 20th century to the early 21st century. It covers both the last decades of the colonial period, the transition to independence and the decades from 1960 to the 2010s. The study uses a range of monetary and non-monetary indicators to assess how living standards have changed over time. It examines the outcomes in the context of debates about economic growth, inequality and poverty alleviation which began in the 1960s and 1970s, and continue to the present.
Download or read book Living Standards in the Past written by Robert C. Allen and published by OUP Oxford. This book was released on 2005-03-24 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did Europe experience industrialisation and modern economic growth before China, India or Japan? This is one of the most fundamental questions in Economic History and one that has provoked intense debate. The main concern of this book is to determine when the gap in living standards between the East and the West emerged. The established view, dating back to Adam Smith, is that the gap emerged long before the Industrial Revolution, perhaps thousands of years ago. While this view has been called into question - and many of the explanations for it greatly undermined - the issue demands much more empirical research than has yet been undertaken. How did the standard of living in Europe and Asia compare in the seventeenth and eighteenth centuries? The present book proposes an answer by considering evidence of three sorts. The first is economic, focusing on income, food production, wages, and prices. The second is demographic, comparing heights, life expectancy and other demographic indicators. The third combines the economic and demographic by investigating the demographic vulnerability to short-term economic stress. The contributions show the highly complex and diverse pattern of the standard of living in the pre-industrial period. The general picture emerging is not one of a great divergence between East and West, but instead one of considerable similarities. These similarities not only pertain to economic aspects of standard of living but also to demography and the sensitivity to economic fluctuations. In addition to these similarities, there were also pronounced regional differences within the East and within the West - regional differences that in many cases were larger than the average differences between Europe and Asia. This clearly highlights the importance of analysing several dimensions of the standard of living, as well as the danger of neglecting regional, social, and household specific differences when assessing the level of well-being in the past.
Download or read book Living Standards in the United States written by Daniel T. Slesnick and published by American Enterprise Institute. This book was released on 2000 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the course of nearly every national presidential campaign we are asked whether we are better off than we were four years ago. The question is almost always rhetorical. But many economists have attempted to address the standard-of-living issue objectively, and, for the most part, their findings paint a bleak picture. In Living Standards in the United States, Daniel T. Slesnick demonstrates that this pessimistic view of social welfare in the United States is unwarranted. The erroneous conclusions arise from the income-based methods used by the Bureau of the Census and others to measure welfare; a more accurate assessment is based on what families consume. Examining the two practices and highlighting the advantages of the consumption-based approach, Slesnick questions the case for changes in politics that are predicated on a declining or stagnant standard of living.
Download or read book Living Standards in the Past written by Robert C. Allen and published by Oxford University Press, USA. This book was released on 2005-03-24 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did Europe experience industrialisation and modern economic growth before China, India or Japan? This is one of the most fundamental questions in Economic History and one that has provoked intense debate. The main concern of this book is to determine when the gap in living standards between the East and the West emerged. The established view, dating back to Adam Smith, is that the gap emerged long before the Industrial Revolution, perhaps thousands of years ago. While this viewhas been called into question - and many of the explanations for it greatly undermined - the issue demands much more empirical research than has yet been undertaken. How did the standard of living in Europe and Asia compare in the seventeenth and eighteenth centuries? The present book proposes ananswer by considering evidence of three sorts. The first is economic, focusing on income, food production, wages, and prices. The second is demographic, comparing heights, life expectancy and other demographic indicators. The third combines the economic and demographic by investigating the demographic vulnerability to short-term economic stress.The contributions show the highly complex and diverse pattern of the standard of living in the pre-industrial period. The general picture emerging is not one of a great divergence between East and West, but instead one of considerable similarities. These similarities not only pertain to economic aspects of standard of living but also to demography and the sensitivity to economic fluctuations. In addition to these similarities, there were also pronounced regional differences within the East andwithin the West - regional differences that in many cases were larger than the average differences between Europe and Asia. This clearly highlights the importance of analysing several dimensions of the standard of living, as well as the danger of neglecting regional, social, and household specificdifferences when assessing the level of well-being in the past.
Download or read book Standards of Living in the Later Middle Ages written by Christopher Dyer and published by Cambridge University Press. This book was released on 1989-03-09 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1200 and 1520 medieval English society went through a series of upheavals: this was an age of war, pestilence and rebellion. This book explores the realities of life of the people who lived through those stirring times. It looks in turn at aristocrats, peasants, townsmen, wage-earners and paupers, and examines how they obtained their incomes and how they spent them. This revised edition (1998) includes a substantial new concluding chapter and an updated bibliography.
Download or read book South Asia s Hotspots written by Muthukumara Mani and published by World Bank Publications. This book was released on 2018-07-12 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Asia is particularly vulnerable to climate change. Most previous studies have focused on the projected impacts of sea-level rise or extreme weather - droughts, floods, heatwaves and storm surges. This study adds to that knowledge by identifying the impacts of long-term changes in the climate †“ rising temperatures and changes in precipitation patterns †“ on living standards. It does so by first building an understanding of the relationship between current climate conditions and living standards across South Asia. The study also identifies the set of climate models that are best suited for projecting long-term changes in climate across South Asia. This novel understanding of living standards and climate change is then combined to project impacts of long-term changes in climate on living standards in South Asia. The study finds that higher temperatures will reduce living standards for most of South Asia, with the severity impacts depending on future global greenhouse gas emissions. The study projects “hotspots†?, which are locations where long-term changes in climate will have negative impacts on living standards. Many hotspots are in locations that hitherto have not been identified as particularly vulnerable to climate change. Moreover, hotspots have distinguishing features that vary from country to country. This detailed assessment provides a mosaic of information that enriches our understanding of how climate change will impact people and which populations are most vulnerable. The report also provides guidance on the kinds of actions are most likely to reduce impacts of climate change in each country. The study is a major contribution to our understanding of how increasing temperatures and changing precipitation patterns interact with social and economic structures at a fine granular level across South Asia.
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.
Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Download or read book The Price of Everything written by Russell Roberts and published by Princeton University Press. This book was released on 2009-09-13 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stanford University student Ramon Fernandez is outraged when a nearby megastore hikes its prices the night after an earthquake. But he crosses paths with provost and economics professor Ruth Lieber when he plans a campus protest against the price-gouging retailer - which also happens to be a major university donor.
Download or read book The Economics of New Goods written by Timothy F. Bresnahan and published by University of Chicago Press. This book was released on 2008-04-15 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.
Download or read book Changes in Poverty Income Inequality and the Standard of Living During the Reagan Years written by Robert D. Plotnick and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pragmatic Capitalism written by Cullen Roche and published by Macmillan. This book was released on 2014-07-08 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insightful and original look at why understanding macroeconomics is essential for all investors
Download or read book The Standard of Living and Revolutions in Imperial Russia 1700 1917 written by Boris Mironov and published by Routledge. This book was released on 2012-05-31 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first full-scale anthropometric history of Imperial Russia (1700-1917). It mobilizes an immense volume of archival material to chart the growth, weight, and other anthropometric indicators of the male and female populations in order to chart how the standard of living in Russia changed over slightly more than two centuries. It draws on a wide range of data—statistics on agricultural production, taxation, prices and wages, nutrition, and demography—to draw conclusions on the dynamics in the standard of living over this long period of time. The economic, social, and political interpretation of these findings make it possible to reconsider the prevailing views in the historiography and to offer a new perspective on Imperial Russia.
Download or read book American Living Standards written by Robert E. Litan and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: American Living Standards contends that the central problem of the U.S. economy has been for some years now, and for the foreseeable future will continue to be, the slowdown in the growth of living standards. This decline began in the early 1970s, was masked by a resort to overseas borrowing in the early 1980s, and now threatens to get worse in the years immediately ahead as the foreign debt bills come due. The editors and contributes to this volume seek to advance our understanding of the causes and consequences of this potential slowdown in the growth of living standards. Equally important, the book examines what policy measure holds out the best hope for presenting, or at the very least, minimizing this slowdown. Various chapters explore the changes in the level and distribution of incomes that have occurred in recent years; changes in the quality and distribution of jobs among industries and regions; what economists do and do not know about recent trends in productivity growth and in the quality of education; and what events could trigger a recession.
Download or read book Long term Changes in Nutrition and the Standard of Living written by Robert William Fogel and published by . This book was released on 1986 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Handbook of Quality of Life written by Wolfgang Glatzer and published by Springer. This book was released on 2015-01-22 with total page 878 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive historical account of the field of Quality of Life. It brings together theoretical insights and empirical findings and presents the main items of global quality of life and wellbeing research. Worldwide in its scope of topics, the handbook examines discussions of demographic and health development, the spread of democracy, global economic accounting, multi-item measurement of perceived satisfaction and expert-assessed quality of life and the well-being of children, women and poor people. It looks at well-being in specific regions, including North and Sub-Saharan Africa, Asia, South America and Eastern and Western Europe. In addition to contributions by leading and younger authors, the handbook includes contributions from International Organizations about their own work with respect to social reporting.
