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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: 20 September 2021

A Learning Economy

A Learning Economy

Chapter:
(p.47) Chapter Three A Learning Economy
Source:
Creating a Learning Society
Author(s):

Joseph E. Stiglitz

Bruce C. Greenwald

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0003

This chapter explores some of the elements that make for a learning society—in the case of a developing country, one which more quickly closes the gap between itself and the more advanced countries; in the case of a developed country, one which moves out the frontier of knowledge at a faster pace; in the case of all economies, one which reduces the gap between average and best practices. It first discusses what is to be learned, the process of learning, and the determinants of learning. It provides a taxonomy of the basic ingredients to a learning society and then looks in depth at two of the major determinants of a learning society: spillovers and motivation. After discussing some of the important impediments to creating a learning society, the final section analyzes some of the key trade-offs in the design of a learning society.

Keywords:   learning society, economic architecture, spillovers, motivation, developing countries, developed countries, knowledge

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