Knowledge and the Wealth of Nations: A Story of Economic Discovery

Name: Knowledge and the Wealth of Nations: A Story of Economic Discovery
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Book Synopsis: "What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." ―Boston Globe
A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers.
Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.

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Are you ready to unlock the secrets of economic success? Look no further than "Knowledge and the Wealth of Nations: A Story of Economic Discovery." This captivating book by David Warsh takes you on a thrilling journey through the world of modern economics, centered around one of its most groundbreaking breakthroughs.

Picture this: a young graduate student, Paul Romer, embarks on a quest to solve an age-old puzzle in economics. After eight years of relentless dedication, he cracks the code. Warsh's book delves into the fascinating story of the new growth theory that Romer brought to life. This theory, first identified by Adam Smith centuries ago, analyzes the paradox of economic growth and explains the rise and fall of dominant corporations like IBM and Microsoft.

What sets this book apart is its ability to connect complex economic concepts with real-world applications. By exploring the long-lost secrets of economic growth, "Knowledge and the Wealth of Nations" reveals the value of intellectual property and provides invaluable advice for anyone interested in expanding the economy.

This remarkable work of literature takes you to the very forefront of scientific research. Much like "Chaos" by James Gleick or "The Elegant Universe" by Brian Greene, it offers a captivating glimpse into the essential science of economics. Prepare to be amazed as you join Warsh on this eye-opening exploration of economic discovery.

Embrace the opportunity to deepen your understanding of economics and uncover the keys to wealth creation. Start your journey today by diving into "Knowledge and the Wealth of Nations: A Story of Economic Discovery." Don't miss out on this thought-provoking masterpiece by David Warsh.

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