Download Creating a Learning Society: A New Approach to Growth, by Joseph E. Stiglitz, Bruce C. Greenwald PDF

By Joseph E. Stiglitz, Bruce C. Greenwald

ISBN-10: 0231525540

ISBN-13: 9780231525541

It has lengthy been well-known that the majority way of life raises are linked to advances in expertise, now not the buildup of capital. but it has additionally develop into transparent that what really separates constructed from much less built international locations isn't just a niche in assets or output yet a niche in wisdom. in truth, the velocity at which constructing international locations develop is essentially decided via the speed at which they shut that gap.

Therefore, how international locations examine and turn into extra effective is vital to knowing how they develop and strengthen, particularly over the longer term. In making a studying Society, Joseph E. Stiglitz and Bruce C. Greenwald spell out the results of this perception for either monetary concept and coverage. Taking as a place to begin Kenneth J. Arrow's 1962 paper "Learning through Doing," they clarify why the creation of information differs from that of alternative items and why industry economies on my own are usually now not effective within the construction and transmission of data. final wisdom gaps, or assisting laggards examine, is crucial to development and development.

Combining technical financial research with obtainable prose, Stiglitz and Greenwald offer new versions of "endogenous growth," upending the bought brooding about worldwide coverage and alternate regimes. They convey how well-designed executive alternate and commercial regulations might help create a studying society; clarify how poorly designed highbrow estate regimes can retard studying; exhibit how nearly each govt coverage has results, either confident and adverse, on studying; they usually argue that policymakers have to be cognizant of those results. They provocatively convey why many normal coverage prescriptions, in particular linked to "neoliberal" doctrines concentrating on static source allocations, hamper studying and clarify why unfastened exchange could lead on to stagnation, whereas large dependent commercial defense and trade cost interventions may possibly carry advantages, not only to the commercial area, yet to the total economy.

The quantity concludes with short commentaries from Philippe Aghion and Michael Woodford, in addition to from Nobel Laureates Kenneth Arrow and Robert Solow.

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Additional info for Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (Kenneth J. Arrow Lecture Series)

Sample text

As codes of ethics proliferated across the industry through the 1970s and 1980s, their effectiveness and worth were debated in scholarly and professional circles at an unprecedented rate. A study published in Journalism Quarterly in 1984, for example, indicated that codes of ethics did not directly86 influence whether a journalist would behave ethically or unethically. ” It nonetheless indicated that the news media were actively enforcing ethical conduct within their newsrooms by firing or otherwise punishing those who violated 89 the codes but generally did not inform the public of the enforcement.

55 Internal and external pressure for press reforms waned during the late 1980s, and activism diminished. Many critics claimed that concerns about law caused the dilution of ethics codes as they were revised and updated. Nearly all journalism associations’ codes of ethics in effect during this period recommended enforcement by peer pressure, though some individual newspapers indicated that their journalists who did not follow their codes would face disciplinary action. Codes and Lawyers The strong disciplinary stance embodied in the RTNDA code remained unique for a while among the major press associations, but it was softened in 1987 in accord with the advice of RNTDA lawyers who said the association could be sued if the enforcement provision was actually invoked.

The Hutchins Commission The socio-political environment created in the United States by World War II led to the formation of the Hutchins Commission in 1942 and unavoidably affected the direction and content of the report it issued. It was a privately funded effort to address the need for ethical standards of conduct in the news media although the commission’s study and report covered other mass media as well. Since its release in 1947, the report has had a substantial effect on the implementation of ostensibly progressive media practices and often has framed discussions of press freedom and press responsibility.

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