Knowledge and the Wealth of Nations: A Story of Economic DiscoveryW. 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. |
Contenido
The Discipline | 3 |
It Tells You Where to Carve the Joints | 9 |
What Is a Model? How Does It Work? | 28 |
The Invisible Hand and the Pin Factory | 37 |
How the Dismal Science Got Its Name | 48 |
The Underground River | 61 |
Spillovers and Other Accommodations | 72 |
The Keynesian Revolution and the Modern Movement | 88 |
In Hyde Park | 203 |
The UTurn | 214 |
The Keyboard the City and the World | 228 |
Recombinations | 249 |
Crazy Explanations | 261 |
At the Ski Lift | 276 |
Endogenous Technological Change | 289 |
Conjectures and Refutations | 305 |
Mathematics Is a Language | 108 |
When Economics Went HighTech | 126 |
The Residual and Its Critics | 140 |
The InfiniteDimensional Spreadsheet | 158 |
Economists Turn to Rocket Science and Model Becomes a Verb | 166 |
PART TWO | 177 |
New Departures | 179 |
Thats Stupid | 195 |
A Short History of the Cost of Lighting | 327 |
The Ultimate Pin Factory | 343 |
The Invisible Revolution | 370 |
Teaching Economics | 382 |
Conclusion | 399 |
Acknowledgments | 409 |
411 | |
Otras ediciones - Ver todas
Knowledge and the Wealth of Nations: A Story of Economic Discovery David Warsh Vista previa limitada - 2007 |
Knowledge and the Wealth of Nations: A Story of Economic Discovery David Warsh Vista previa limitada - 2007 |
Términos y frases comunes
Adam Smith Alfred Marshall Allyn Young Arrow became become called Cambridge century Chamberlin Cowles David described early economic growth economists engineers equations equilibrium explain firms fixed costs formal Friedman growth of knowledge growth theory Harvard Helpman human capital ideas important increasing returns industrial interesting investment Invisible Hand Journal Kenneth Arrow Keynes Keynesian Krugman labor later learned least macroeconomics Malthus Mankiw manufacturing Marshall math mathematical ment Microsoft monopolistic competition Nobel nomic nonrival Nordhaus operating system paper Paul Krugman Paul Romer Paul Samuelson perfect competition Pin Factory problem production professor published revolution Ricardo Robert Lucas Robert Solow Romer Schumpeter seemed Solow model spillovers standard story talk teaching technical Technological Change textbooks theorists things tion trade turned University of Chicago Wealth of Nations wrote young economists