Listen free for 30 days

Listen with offer

  • Creating a Learning Society

  • A New Approach to Growth, Development, and Social Progress
  • By: Joseph E. Stiglitz
  • Narrated by: Sean Runnette
  • Length: 12 hrs and 32 mins
  • 4.3 out of 5 stars (13 ratings)
Offer ends May 1st, 2024 11:59PM GMT. Terms and conditions apply.
£7.99/month after 3 months. Renews automatically.
Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
£7.99/month after 30 days. Renews automatically. See here for eligibility.
Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
Creating a Learning Society cover art

Creating a Learning Society

By: Joseph E. Stiglitz
Narrated by: Sean Runnette
Get this deal Try for £0.00

Pay £99p/month. After 3 months pay £7.99/month. Renews automatically. See terms for eligibility.

£7.99/month after 30 days. Renews automatically. See here for eligibility.

Buy Now for £17.99

Buy Now for £17.99

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Listeners also enjoyed...

The Quest for Prosperity cover art
World 3.0 cover art
Rewriting the Rules of the European Economy cover art
The Price of Inequality cover art
Straight Talk on Trade cover art
China's Rise to Power from a Fallen Economy cover art
Pocket Piketty: A Handy Guide to Capital in the Twenty-First Century cover art
Money, Sound, & Unsound cover art
Completing Capitalism cover art
Why Growth Matters cover art
globalization cover art
The Innovation Illusion cover art
Institutions, Institutional Change and Economic Performance cover art
The Captured Economy cover art
A New Era in Banking cover art
Economics in Two Lessons cover art

Summary

It has long been recognized that most standard of living increases are associated with advances in technology, not the accumulation of capital. Yet 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 fact the pace at which developing countries grow is largely determined by the pace at which they close that gap. Therefore, how countries learn and become more productive is key to understanding how they grow and develop, especially over the long term.

In Creating a Learning Society, Joseph E. Stiglitz and Bruce C. Greenwald spell out the implications of this insight for both economic theory and policy. Taking as a starting point Kenneth J. Arrow's 1962 paper "Learning by Doing", they explain why the production of knowledge differs from that of other goods and why market economies alone are typically not efficient in the production and transmission of knowledge. Closing knowledge gaps, or helping laggards learn, is central to growth and development.

Combining technical economic analysis with accessible prose, Stiglitz and Greenwald provide new models of "endogenous growth", upending the received thinking about global policy and trade regimes. They show how well-designed government trade and industrial policies can help create a learning society; explain how poorly designed intellectual property regimes can retard learning; demonstrate how virtually every government policy has effects, both positive and negative, on learning; and argue that policymakers need to be cognizant of these effects. They provocatively show why many standard policy prescriptions, especially associated with "neoliberal" doctrines focusing on static resource allocations, impede learning and explain why free trade may lead to stagnation while broad-based industrial protection and exchange rate interventions may bring benefits, not just to the industrial sector but to the entire economy.

The volume concludes with brief commentaries from Philippe Aghion and Michael Woodford as well as from Nobel Laureates Kenneth Arrow and Robert Solow.

©2015 Columbia university Press (P)2016 Audible, Inc.

What listeners say about Creating a Learning Society

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    5
  • 4 Stars
    7
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    7
  • 4 Stars
    3
  • 3 Stars
    2
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 4 out of 5 stars
  • 5 Stars
    5
  • 4 Stars
    5
  • 3 Stars
    2
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.