Nations – A Story of Economic Discovery - Hardcover

Warsh, David

Hardcover

ISBN 10: 0393059960 ISBN 13: 9780393059960

Publisher: W. W. Norton & Company, 2006

Synopsis

"Knowledge and the Wealth of Nations" is a stimulating and inviting tour of modern economics centred on the story of one of its most important breakthroughs. In 1980, 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, 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. 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. This revealing book takes us to the front lines of scientific research, giving us a fascinating glimpse of the essential science of economics.

About this title

Review:

A fascinating journey through the world of economic thought....If you like reading stories of high intellectual drama, if you want to know the origin of ideas that, as Keynes said, 'are dangerous for good or evil, ' this book is for you. --Paul Krugman"

Warsh has written the best book of its kind since Peter Bernstein's Capital Ideas. "

About the Author:

Former Boston Globe columnist DAVID WARSH writes the online newsletter Economic Principals and is presently a fellow of the American Academy in Berlin.

About this edition

• Publisher: W. W. Norton & Company
• Publication date: 2006
• ISBN 10: 0393059960
• ISBN 13: 9780393059960
• Binding: Hardcover
• Number of pages: 416