Creating a Learning Society

Joseph E. Stiglitz is University Professor at Columbia University, former chief economist and senior vice president of the World Bank, and former chair of the Council of Economic Advisers under President Clinton. His books include Making Globalization Work; The Price of Inequality: How Today's Divided Society Endangers Our Future; The Great Divide: Unequal Societies and What to Do About Them; and Fair Trade for All (with Andrew Charlton). In 2001, he was awarded the Nobel Prize in economics. 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. His books include Value Investing: From Graham to Buffett and Beyond; Competition Demystified: A Radically Simplified Approach to Business Strategy Portfolio; Towards a New Paradigm in Monetary Economics (with Joseph E. Stiglitz); and Globalization: n. The Irrational Fear that Someone in China Will Take Your Job (with Judd Kahn).

Praise for the original edition: Profound and dazzling. The authors' analysis provides the foundations of an understanding of the progress and regress of nations. This is social science at its best. -- Sir Partha Dasgupta, University of Cambridge [A] sweeping work of macroeconomic theory. Harvard Business Review

• Preface to the Reader's Edition Preface to the Original Edition Acknowledgments Introduction Part I. Creating a Learning Society: A New Approach to Growth, Development, and Social Progress: Basic Concepts and Analysis 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 7. Learning in a Closed Economy 8. The Infant-Economy Argument for Protection: Trade Policy in a Learning Environment Part II. Policies for a Learning Society 9. The Role of Industrial and Trade Policy in Creating a Learning Society 10. Financial Policy and Creating a Learning Society 11. Macroeconomic and Investment Policies for a Learning Society 12. Intellectual Property 13. Social Transformation and the Creation of a Learning Society 14. Concluding Remarks Notes References Index