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Profound and dazzling. In their new book, Joseph E. Stiglitz and Bruce C. Greenwald study the human wish to learn and our ability to learn and so uncover the processes that relate the institutions we devise and the accompanying processes that drive the production, dissemination, and use of knowledge. The authors' analysis provides the foundations of an understanding of the progress and regress of nations. This is social science at its best. -- Praise for the original edition from Sir Partha Dasgupta, University of Cambridge [A] sweeping work of macroeconomic theory. Harvard Business Review

Praise for the original edition: Profound and dazzling. The authors' analysis provides the foundations of an understanding of the progress and regress of nations. This is social science at its best. -- Sir Partha Dasgupta, University of Cambridge [A] sweeping work of macroeconomic theory. Harvard Business Review

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Joseph E. Stiglitz is University Professor at Columbia University, former chief economist and senior vice president of the World Bank, and former chair of the Council of Economic Advisers under President Clinton. His books include Making Globalization Work; The Price of Inequality: How Today's Divided Society Endangers Our Future; The Great Divide: Unequal Societies and What to Do About Them; and Fair Trade for All (with Andrew Charlton). In 2001, he was awarded the Nobel Prize in economics. Bruce C. Greenwald is Robert Heilbrunn Professor of Finance and Asset Management at Columbia Business School. He is director of the Heilbrunn Center for Graham and Dodd Investing. His books include Value Investing: From Graham to Buffett and Beyond; Competition Demystified: A Radically Simplified Approach to Business Strategy Portfolio; Towards a New Paradigm in Monetary Economics (with Joseph E. Stiglitz); and Globalization: n. The Irrational Fear that Someone in China Will Take Your Job (with Judd Kahn).

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