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.

"Spencer Haywood was still a teenager when he drew worldwide attention and created controversy by not only joining the U.S. Olympic basketball team, but leading it to win a gold medal, when many of his fellow Black athletes had boycotted the Olympics and staged acts of protest." "He earned a reputation for his outstanding talent on the basketball court, and for his willingness to go against the grain, off of it. After one great season with the University of Detroit, he signed with the Denver Rockets, of the American Basketball Association. In the process, he broke a rule heretofore followed by basketball and football players - that they remain in school and on a college team for four years before signing with a professional-league team. Haywood took his case against the rule to court - the Supreme Court - won, and became professional basketball's first so-called hardship case. His victory in the courts made him a troublemaker in the eyes of team management, but opened the way for players like Isiah Thomas, Earvin "Magic" Johnson, and Michael Jordan to enter the pro draft when they thought they were ready, rather than after four years of college." "Haywood reached for the stars on the court and was the American Basketball Association's Most Valuable Player and Rookie of the Year in 1970 with Denver. He led the league in scoring and rebounding and was the All-Star Game's MVP. He jumped from the ABA to the National Basketball Association, playing for the New York Knicks and then the L.A. Lakers. He played hard on the court and off, where he partied with the stars of fashion, society, and entertainment. He married one of the world's most glamorous, and fashion's most photographed, women - Iman. In public and private they shared the idealistic dream of linking Africa to African American through their own romantic union. But the idealism turned into a celebrity fast lane of self-indulgence and drug abuse that caused the dream to explode." "He nearly lost it all, but this is a story about success and recovery, not failure. It is a story of triumph, as Haywood reveals how he recovered from addiction through a 12-step program and his own willingness to struggle to heal himself."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

E.J. Salmon left Cuba with his sister at age fifteen, after the Communists confiscated his family's land. He arrived in the United States poor, but he was eager to participate in an economic system that would help his family prosper again. But today, the U.S. economy is in bad shape, and it could get worse. A nation that was once the greatest and most powerful in the world has been shaken to its core, and it could collapse. To prevent such a calamity, industry and government must work together. Salmon draws upon his experiences in Cuba and in the United States to encourage the people to turn things around. He considers the following: - How the failure of the Obama administration to learn lessons derived from the successful government initiatives of the Great Depression - Why the government's response to the current crisis has eliminated more jobs than it has created - How brazen and corrupt executives and politicians are destroying corporate America. Take steps to understand the problems confronting us and discover solutions to renew the partnership among business, government, and the people. It's not too late to reverse the course if you understand The Rise and Fall of Corporate America.

Drawing on the experoence of hundreds of past and present GM insiders, filled with inttrigue and humor, dramatic moments, and vivid personalities, top industry analyst Maryann Keller brings her hardhitting insight to the once-unparalleled leader of an industry--General Motors.

Many historical processes are dynamic. Populations grow and decline. Empires expand and collapse. Religions spread and wither. Natural scientists have made great strides in understanding dynamical processes in the physical and biological worlds using a synthetic approach that combines mathematical modeling with statistical analyses. Taking up the problem of territorial dynamics--why some polities at certain times expand and at other times contract--this book shows that a similar research program can advance our understanding of dynamical processes in history. Peter Turchin develops hypotheses from a wide range of social, political, economic, and demographic factors: geopolitics, factors affecting collective solidarity, dynamics of ethnic assimilation/religious conversion, and the interaction between population dynamics and sociopolitical stability. He then translates these into a spectrum of mathematical models, investigates the dynamics predicted by the models, and contrasts model predictions with empirical patterns. Turchin's highly instructive empirical tests demonstrate that certain models predict empirical patterns with a very high degree of accuracy. For instance, one model accounts for the recurrent waves of state breakdown in medieval and early modern Europe. And historical data confirm that ethno-nationalist solidarity produces an aggressively expansive state under certain conditions (such as in locations where imperial frontiers coincide with religious divides). The strength of Turchin's results suggests that the synthetic approach he advocates can significantly improve our understanding of historical dynamics.

A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.