Jump to ContentJump to Main Navigation
Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

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: 21 June 2021

Concluding Remarks

Concluding Remarks

Chapter:
(p.473) Chapter Seventeen Concluding Remarks
Source:
Creating a Learning Society
Author(s):

Joseph E. Stiglitz

Bruce C. Greenwald

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0017

This chapter summarizes the preceding discussions and presents some final thoughts. The objective of this book has been to show the potential that the economics of learning and innovation has for revolutionizing both economic theory and policy. It has questioned, for instance, some of the basic tools used by economists. It has shown that comparative advantage needs to be reexamined in light of the increasing mobility of skilled labor and capital. It has explained why, in a learning economy, there is no presumption that the market economy, on its own, is efficient. It has also attempted to provide an analysis of factors that increase a society's learning capabilities and enhance its learning. The chapter concludes that increases in standards of living have more to do with learning, the focus of this book, than with allocative efficiency, the subject which has been the preoccupation of economists. That this is so holds out enormous prospects for the well-being of those in the developing world.

Keywords:   learning, innovation, economic theory, economics, economic policy, developing countries, allocative efficiency

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .