KNOWLEDGE AND THE WEALTH OF NATIONS

A STORY OF ECONOMIC DISCOVERY
By (author)DAVID WARSH

 8,785

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.
ISBN: 0393059960
Publisher: NORTON
Subtitle: A STORY OF ECONOMIC DISCOVERY
Author: DAVID WARSH

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SKU: 0393059960
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Weight 0.81 kg
ISBN

0393059960

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Publication Date

2006

Pages

426

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Author Description

David Warsh, a journalist and author, is proprieter of http://www.economicprincipals.com, an independent Web-based weekly. For more than 20 years, he covered economics for The Boston Globe. Before that he reported on business for Forbes and The Wall Street Journal, and, from Vietnam, for Pacific Stars and Stripes and Newsweek. A two-time winner of financial journalism’s Loeb Award, he was a Fellow of the American Academy in Berlin in 2004. He is the author of two other books: The Idea of Economic Complexity (Viking, 1984) and Economic Principals: Masters and Mavericks of Modern Economics (The Free Press, 1993), a collection of his newspaper columns.

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