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Knowledge and the Wealth Of Nations

A Story of Economic Discovery

By David Warsh

(2)

| Hardcover | 9780393059960

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Book Description

A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs.

In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story Continue

A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs.

In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers.

Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.

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  • "Knowledge and the Wealth Of Nations" is a difficult book to read because it is highly philosophical in trying to explain how knowledge is the base of the assets that nations have. It is difficult because it leaves so many questions unanswered, such as what is exactly what they understand by knowled ... (continue)

    "Knowledge and the Wealth Of Nations" is a difficult book to read because it is highly philosophical in trying to explain how knowledge is the base of the assets that nations have. It is difficult because it leaves so many questions unanswered, such as what is exactly what they understand by knowledge and more important, how is it storaged so it can count as part of the wealth of a nation.

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    ariadna73 said on Jun 15, 2010 | Add your feedback

Book Details

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  • English Books
  • Hardcover 320 Pages
  • ISBN-10: 0393059960
  • ISBN-13: 9780393059960
  • Publisher: W. W. Norton
  • Pub date: May 01, 2006
  • Dimensions: 1419 mm x 1032 mm x 258 mm Just how big is that?
  • Also available as: Paperback
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