Creating a Learning Society: A New Approach To Growth, Development, And Social Progress
(eBook)

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Published
Columbia University Press, 2014.
Status
Available Online

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Format
eBook
Language
English
ISBN
9780231525541

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APA Citation, 7th Edition (style guide)

Joseph E. Stiglitz., Joseph E. Stiglitz|AUTHOR., & Bruce C. Greenwald|AUTHOR. (2014). Creating a Learning Society: A New Approach To Growth, Development, And Social Progress . Columbia University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Joseph E. Stiglitz, Joseph E. Stiglitz|AUTHOR and Bruce C. Greenwald|AUTHOR. 2014. Creating a Learning Society: A New Approach To Growth, Development, And Social Progress. Columbia University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Joseph E. Stiglitz, Joseph E. Stiglitz|AUTHOR and Bruce C. Greenwald|AUTHOR. Creating a Learning Society: A New Approach To Growth, Development, And Social Progress Columbia University Press, 2014.

MLA Citation, 9th Edition (style guide)

Joseph E. Stiglitz, Joseph E. Stiglitz|AUTHOR, and Bruce C. Greenwald|AUTHOR. Creating a Learning Society: A New Approach To Growth, Development, And Social Progress Columbia University Press, 2014.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work ID72cb502f-570a-f093-47a6-2bb0af3fd3e0-eng
Full titlecreating a learning society a new approach to growth development and social progress
Authorstiglitz joseph e
Grouping Categorybook
Last Update2023-11-04 18:13:26PM
Last Indexed2024-03-02 03:52:47AM

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First LoadedApr 4, 2023
Last UsedApr 4, 2023

Hoopla Extract Information

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    [synopsis] => It has long been recognized that most standard of living increases are associated with advances in technology, not the accumulation of capital. Yet 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 determined by the pace at which they close that gap. Therefore, how countries learn and become more productive is key to understanding how they grow and develop, especially over the long term. In Creating a Learning Society, Joseph E. Stiglitz and Bruce C. Greenwald spell out the implications of this insight for both 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 are typically not efficient in the production and transmission of knowledge. Closing knowledge gaps, or helping laggards learn, is central to growth and development. Combining technical economic analysis with accessible prose, Stiglitz and Greenwald provide new models of "endogenous growth," upending the received thinking about global policy and trade regimes. They show how well-designed government trade and industrial policies can help create a learning society; explain how poorly designed intellectual property regimes can retard learning; demonstrate how virtually every government policy has effects, both positive and negative, on learning; and they argue that policymakers need to be cognizant of these effects. They provocatively show why many standard policy prescriptions, especially associated with "neoliberal" doctrines focusing on static resource allocations, impede learning and explain why free trade may lead to stagnation, while 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 Arrow and Robert Solow.
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