Creating a Learning Society
Book description
It has long been recognized that an improved standard of living results from advances in technology, not from the accumulation of capital. It has also become clear that what truly separates developed from less-developed countries is not just a gap in resources or output but a gap in knowledge. In…
Why read it?
1 author picked Creating a Learning Society as one of their favorite books. Why do they recommend it?
I enjoyed this book because it provides a demanding, essential, and controversial reading.
Nobel laureate Joseph Stiglitz and his long-time co-author Bruce Greenwald make three crucial points: First, learning is the key to innovation and thus to economic and societal progress; second, many of our institutions, especially the strong protection of intellectual property rights often inhibit learning and innovation; and third, openness to trade is not always the best way to promote learning.
Instead, the authors advocate “an infant-economy protection” of the entire manufacturing sector in developing economies.
Whether or not you follow the authors in their conclusions, this book…
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