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Knowledge and the wealth of nations : a story of economic discovery

Author: David Warsh
Publisher: New York : W.W. Norton, ©2006.
Edition/Format:   Print book : English : 1st edView all editions and formats
Database:WorldCat
Summary:
Looks at Paul Romer's 1980s solution of Adam Smith's new growth theory, tracing how the centuries-old puzzle was addressed throughout history and how it has helped leading corporations to address economic expansion and the value of intellectual property.
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Genre/Form: History
Named Person: Paul Michael Romer
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: David Warsh
ISBN: 0393059960 9780393059960
OCLC Number: 62322444
Description: xxii, 426 pages : illustrations ; 25 cm
Contents: The discipline --
"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 --
"Mathematics is a language" --
When economics went high-tech --
The residual and its critics --
The infinite-dimensional spreadsheet --
Economists turn to rocket science, and "model" becomes a verb --
New departures --
"That's stupid!" --
In Hyde Park --
The U-turn --
The keyboard, the city, and the world --
Recombinations --
Crazy explanations --
At the ski lift --
"Endogenous technological change" --
Conjectures and refutations --
A short history of the cost of lighting --
The ultimate pin factory --
The invisible revolution --
Teaching economics.
Responsibility: David Warsh.
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Abstract:

Giving a glimpse of the essential science of economics, 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  Read more...

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