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In The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War, Robert Gordon argues that the dramatic growth rate in the American economy in the “special century” from 1870 to 1970 can not be repeated, because, basically, we’ve already made the major improvements in the standard of living that can be made.

“Modern humans first emerged about 100,000 years ago. For the next 99,800 years or so, nothing happened.”