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Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
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Joseph Stiglitz and Bruce Greenwald

Print publication date: 2014

Print ISBN-13: 9780231152143

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231152143.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 24 June 2021

The Learning Revolution

The Learning Revolution

Chapter:
(p.13) Chapter One The Learning Revolution
Source:
Creating a Learning Society
Author(s):

Joseph E. Stiglitz

Bruce C. Greenwald

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0001

This chapter sets out the book's main theories and arguments. This book attempts to study the economics of “learning societies,” focusing especially on the role of government in promoting growth through the creation or strengthening of a learning society. It lays out simple models in which learning spillovers are well identified. The models generate policy prescriptions which differ markedly from standard policy recommendations that focus on enhancing allocative efficiency. The book further argues that there is an infant economy argument for protection. Growth and standards of living can be raised by defying a country's seeming comparative advantage and imposing trade restrictions that encourage industrialization. But the book also provides a different perspective on what is meant by comparative advantage.

Keywords:   economics, learning societies, government, economic policy, learning economy, infant economy, standard of living, comparative advantage

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