Creating a Learning Society; Signed by Joseph Stiglitz, Bruce Greenwald and Robert Solow
Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (Kenneth J. Arrow Lecture Series).
Stiglitz, Joseph E. and Bruce Greenwald.$500.00
Item Number: 33061
New York: Columbia University Press, 2014.
First edition. Octavo, original cloth. Signed by authors Joseph Stiglitz and Bruce Greenwald on the title page, as well as Robert Solow, who contributed to some commentary. Fine in a fine dust jacket. Includes commentaries from Philippe Aghion and Michael Woodford, as well as from Nobel Laureates Kenneth J. Arrow and Robert M. Solow.
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.
Other Books by this Author
"The adventure is over. Everything gets over, and nothing is ever enough. Except the part you carry with you:" Rare First Edition of From the Mixed-up Files of Mrs. Basil E. Frankweiler; Signed by E.L. Konigsburg
New York: Atheneum, 1967.
First edition of the author’s Newbery Award-winning novel. Octavo, original cloth. Signed by E.L. Konigsburg on the title page. Fine in a fine dust jacket. Rare in this condition and signed.
Chicago: The University of Chicago Press, 1975.
First edition of the Nobel Prize-winning economist’s classic treatise concerning man’s freedom in society. Octavo, original cloth. Inscribed and dated in 2010 by the author. Near fine in a very good dust jacket with some wear to the top front panel.
New Haven: Yale University Press, 1957.
First edition. Octavo, original blue cloth. Signed by Ludwig Von Mises on the half title page. Fine in a near fine dust jacket with light toning to the spine.
"Concentrated power is not rendered harmless by the good intentions of those who create it": First Edition of Two Lucky People; Signed by Milton and Rose Friedman
Chicago: The University of Chicago Press, 1998.
First edition. Octavo, original cloth. Inscribed, “For Kristin, more power to you, Milton Friedman.” Also signed by Rose Friedman below his signature. Fine in a fine dust jacket.