The Rise and Fall of American Growth

The book describes the 100 years following 1870 as the 'Special Century,' a period of revolutionary growth and prosperity driven by innovations such as electric lighting, indoor plumbing, motor vehicles, air travel, and television.

Gordon argues that this era of growth has been flatlining since 1970, marked by growing inequality, stagnating education, an aging population, and rising debt.

He contends that the productivity growth of the past cannot be repeated and identifies several 'headwinds' that will continue to slow American economic growth.

The book is divided into two main parts, covering the period from 1870 to 1940 and from 1940 to 2010, and includes detailed statistical analysis and historical anecdotes to support its arguments.