Knowledge and the Wealth of Nations A Story of Economic Discovery 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 occasi

  • Title: Knowledge and the Wealth of Nations: A Story of Economic Discovery
  • Author: David Warsh
  • ISBN: 9780393059960
  • Page: 256
  • Format: Hardcover
  • 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 occasional resurfacing in the 19th century, and the development of various technical tools in the 20th century.

    • [AZW] Ï Knowledge and the Wealth of Nations: A Story of Economic Discovery | BY ☆ David Warsh
      256 David Warsh
    • thumbnail Title: [AZW] Ï Knowledge and the Wealth of Nations: A Story of Economic Discovery | BY ☆ David Warsh
      Posted by:David Warsh
      Published :2020-05-01T08:51:45+00:00

    About "David Warsh"

    1. David Warsh

      David Warsh Is a well-known author, some of his books are a fascination for readers like in the Knowledge and the Wealth of Nations: A Story of Economic Discovery book, this is one of the most wanted David Warsh author readers around the world.

    635 thoughts on “Knowledge and the Wealth of Nations: A Story of Economic Discovery”

    1. In October 1990, Paul Romer, a 36 year old University of Chicago economist, published a 32 page article, Endogenous technological change in the Journal of Political Economy Now, here is a whole book about that paper Knowledge and the Wealth of Nations by David Warsh landmarkonthenet.The first paragraph of Romer s paper had this sentence The distinguishing feature of technology as an input is that it is neither a conventional good nor a public good it is a non rival, partially excludable good A s [...]

    2. This book is about how economics is done using the journey to publication and impact of David Romer s 1990 paper Endogenous Technological Change as its vehicle The first half of the book is a decent if rambling history of economic thought on the question of why economies grow over time, especially considering that so much economics is based on the notion of diminishing returns The second half of the book looks at how Romer sought to escape from diminishing returns This half is equally rambling, [...]

    3. Excellent book that gives a historical account of the evolution of economic thinking through Kuhnian paradigms one of equilibrium neoclassical and one of evolutionary progress Conventional neoclassical economics has a hard time explaining innovation, and the production of wealth this is clearly understood if one realizes how David Ricardo s misled emphasis on equilibrium and economic modelling purity , sent economic science into a scientific path dependence that constrained queries about economi [...]

    4. I was really into this book as I was reading it, and it exposed me to ideas that have really changed the way I look at things For instance, the idea of prizes as incentives for invention working well like 10B or however much for the cure for malaria , and the importance not only of technology, but also regulations and infrastructure on economic growth Also, I had never read any of those urban theory e.g Jane Jacobs books, so the idea of the persistence of diverse cities over non diverse say, man [...]

    5. This book isn t like any other book It is a timeline of the economics profession, starting with the classical economists and ending with Romer Those interested in reading this book should beware As half the book is about Romer s life and work, a disproportionate amount of pages is spent on the last 40 years of the economics profession and the subject of endogenous economic growth I would not recommend this book to just anyone Some serious interest in economic science is really needed to complete [...]

    6. Hard to believe, but Warsh, a journalist, really makes the stories of economists and their theories and arguments come alive Truly a good story well told I learned much about economists whose economics I knew Lester Thurow, Paul Krugman, Milton Friedman, John Maynard Keynes, etc but knew nothing about the men and a few women Especially good on sorting out the theoretical roots of the popular economists of our current times.

    7. This is a pretty good read in two halves The first is kind of a breezy history of economic thought from Smith going forward, including some dichotomies about specialization and increasing returns The second is sort of soap operaish stuff from the economic profession talking about the evolution this notion of endogenous growth Some interesting stuff in here The story of anti Semitism pushing Milton Friedman getting run out of University of Wisconsin was kind of interesting.

    8. Not the best popular book on the history of economic thought that title should go to Heilbroner s Worldly Philosophers , but the only one I know that tells in detail about the developments in the economics since 1940s Story is focused on the ideas concerning economic growth and the role of knowledge and technology Insider account on the workings of economics as a discipline, with its journals, annual meetings and textbook industry, was especially interesting.

    9. This is the last book I expected to be a page turner, but Warsh made the excitement of economic history and discovery very real Although some of the things were out of my grasp infinite dimensional spreadsheets for example it didn t seem to matter or affect my overall understanding of the book Yay for the dismal science

    10. I learned that economists need to get out into the real world, the neighborhood right outside their doors, to find out how real people, not mathematical symbols, react There is a key factor missing in econometrics, and we don t know enough yet about the human brain to make accurate predictions with that unknown in the formulas.

    11. Recounting the history of the economics of growth and development, this book covers a very interesting topic, if heavy on the intellectual history and discipline politics Nit was many interesting parts but as a whole is quite wide ranging and unfocused both at times throughout and in its overall conclusions which are mostly ambiguous.

    12. Knowledge and the Wealth Of Nations is a difficult book to read because it is highly philosophical in trying to explain how knowledge is the base of the assets that nations have It is difficult because it leaves so many questions unanswered such as what is exactly what they understand by knowledge and important how is it storaged so it can count as part of the wealth of a nation.

    13. A book about Economics and the Economics profession Outlines the development of a theory of how knowledge and invention lead to Economic growth, and the modern world that we live in Great for anyone who has taken at least some undergraduate economics.

    14. Interesting concept, but the concepts are too complex and not explained well enough to really allow the reader to appreciate the developments in economic theory the author is trying to detail I did learn about the world of academic economicsbut who cares

    15. Very enchanting writing In a journalistic way Very male An good exposition on the field of economics I will probably like it if I have to reread, just for the writing.

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