Find your perfect holiday reading
Creating a Learning Society: A New Approach to Growth, Development, and Social Progress - Kenneth J. Arrow Lecture Series (Hardback)
  • Creating a Learning Society: A New Approach to Growth, Development, and Social Progress - Kenneth J. Arrow Lecture Series (Hardback)
zoom

Creating a Learning Society: A New Approach to Growth, Development, and Social Progress - Kenneth J. Arrow Lecture Series (Hardback)

(author), (author), (with), (with), (with), (with)
£27.00
Hardback 680 Pages / Published: 20/06/2014
  • In stock online
  • Free UK delivery

Usually dispatched within 24 hours

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
It has long been recognized that an improved standard of living results from advances in technology, not from the accumulation of capital. It has also become clear that what truly separates developed from less-developed countries is not just a gap in resources or output but a gap in knowledge. In fact, the pace at which developing countries grow is largely a function of the pace at which they close that gap. Thus, to understand how countries grow and develop, it is essential to know how they learn and become more productive and what government can do to promote learning. In Creating a Learning Society, Joseph E. Stiglitz and Bruce C. Greenwald cast light on the significance of this insight for economic theory and policy. Taking as a starting point Kenneth J. Arrow's 1962 paper "Learning by Doing," they explain why the production of knowledge differs from that of other goods and why market economies alone typically do not produce and transmit knowledge efficiently. Closing knowledge gaps and helping laggards learn are central to growth and development. But creating a learning society is equally crucial if we are to sustain improved living standards in advanced countries. Combining accessible prose with technical economic analysis, Stiglitz and Greenwald provide new models of "endogenous growth," up-ending thowhe thinking about both domestic and global policy and trade regimes. They show well-designed government trade and industrial policies can help create a learning society, and how poorly designed intellectual property regimes can retard learning. They also explain how virtually every government policy has effects, both positive and negative, on learning, a fact that policymakers must recognize. They demonstrate why many standard policy prescriptions, especially those associated with "neoliberal" doctrines focusing on static resource allocations, have impeded learning. Among the provocative implications are that free trade may lead to stagnation whereas broad-based industrial protection and exchange rate interventions may bring benefits-not just to the industrial sector, but to the entire economy. The volume concludes with brief commentaries from Philippe Aghion and Michael Woodford, as well as from Nobel Laureates Kenneth J. Arrow and Robert M. Solow.

Publisher: Columbia University Press
ISBN: 9780231152143
Number of pages: 680
Weight: 1035 g
Dimensions: 229 x 152 x 46 mm

You may also be interested in...

Upgrade Your Italian
Added to basket
Wars, Guns and Votes
Added to basket
Complex Emergencies
Added to basket
Degrowth
Added to basket
£27.99
Paperback
Development as Freedom
Added to basket
Creating Capabilities
Added to basket
The Bottom Billion
Added to basket
£9.99
Paperback
North of South
Added to basket
£11.99
Paperback
The Development Reader
Added to basket
Sustainability: The Basics
Added to basket
The Conundrum of Russian Capitalism
Added to basket
The Bright Continent
Added to basket
The Challenge for Africa
Added to basket
Aid on the Edge of Chaos
Added to basket
Half The Sky
Added to basket
£12.99
Paperback
Emerging Africa
Added to basket

Please sign in to write a review

Your review has been submitted successfully.