Description
A new paradigm for economic growth theory. Joseph E. Stiglitz is University Professor at Columbia University and Co-Chair of Columbia University’s Committee on Global Thought. He was winner of the 2001 Nobel Prize for Economics. He served on President Clinton’s Council of Economic Advisors, and then joined the World Bank as chief economist and senior vice president. His most recent book is The Price of Inequality: How Today’s Divided Society Endangers Our Future. Bruce C. Greenwald is Robert Heilbrunn Professor of Finance and Asset Management at Columbia Business School. He is director of the Heilbrunn Center for Graham and Dodd Investing and his books include Value Investing: from Graham to Buffett and Beyond and Competition Demystified: A Radically Simplified Approach to Business Strategy Portfolio. Preface Acknowledgments for the Series Acknowledgments for the First Arrow Lecture Introduction, by Joseph E. Stiglitz and Bruce C. Greenwald Part 1: Creating a Learning Society: A New Paradigm for Development and Social Progress: : Basic Concepts 1. The Learning Revolution 2. On the Importance of Learning 3. A Learning Economy 4. Creating a Learning Firm and a Learning Environment 5. Market Structure, Welfare, and Learning 6. The Welfare Economics of Schumpeterian Competition Part 2: Analytics 7. Learning in a Closed Economythe Basic Model 8. A Two-Period, N-Good Model with Endogenous Labor Supply 9. Learning with Monopolistic Competition 10. Long-Term Growth and Innovation 11. The Infant-Economy Argument for Protection: Trade Policy in a Learning Environment Part 3: Policies for a Learning Society 12. The Role of Industrial and Trade Policy in Creating a Learning Society 13. Financial Policy and Creating a Learning Society 14. Macroeconomic and Investment Policies for a Learning Society 15. Intellectual Property 16. Social Transformation and the Creation of a Learning Society 17. Concluding Remarks Part 4: Commentary and Afterword 18. Introductory Remarks for the First Annual Arrow Lecture, by Michael Woodford 19. Further Considerations, by Joseph E. Stiglitz and Bruce C. Greenwald 20. Commentary: The Case for Industrial Policy, by Philippe Aghion 21. Commentary, by Robert Solow 22. Commentary, by Kenneth Arrow Afterword: Rethinking Industrial Policy, by Philippe Aghion Notes References Notes on Contributors Index
