Knowledge and the Wealth of Nations: A Story of Economic Discovery
W. W. Norton & Company, 2006 - 426 páginas
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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LibraryThing ReviewCrítica de los usuarios - mbmackay - LibraryThing
David Warsh is an economics reporter and observer and in this book describes the progress in economic theory made by professionals, using the importance of knowledge and technical change as an example ... Leer comentario completo
LibraryThing ReviewCrítica de los usuarios - PointedPundit - LibraryThing
It is no secret: ideas motivate the world. They propel markets. As obvious as it seems today, it has not always been so. It was not until 1980 when a 24 year-old graduate student, Paul Romer tackled ... Leer comentario completo
It Tells You Where to Carve the Joints
What Is a Model? How Does It Work?
The Invisible Hand and the Pin Factory
How the Dismal Science Got Its Name
The Underground River
Spillovers and Other Accommodations
The Keynesian Revolution and the Modern Movement
In Hyde Park
The Keyboard the City and the World
At the Ski Lift
Endogenous Technological Change
Conjectures and Refutations
Mathematics Is a Language
When Economics Went HighTech
The Residual and Its Critics
The InfiniteDimensional Spreadsheet
Economists Turn to Rocket Science and Model Becomes a Verb
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Vista previa limitada - 2008