Synopses & Reviews
In --the only text in the field designed specifically for advanced undergraduates--Charles I. Jones explains in clear, direct language how economists have come to understand the long-run growth of economies. Beginning with empirical evidence--how rich are the rich countries, how poor are the poor, and how fast do the rich and poor countries grow? --Professor Jones then presents the major theories of economic growth, from the Nobel Prize-winning work of Robert Solow to the new growth theory that has ignited the field in recent years.
Synopsis
One of the hottest fields in contemporary macroeconomics, economic growth is both fascinating to theorists and critically important to policy makers.
About the Author
Charles I. Jones (Ph.D. MIT, 1993) is the STANCO 25 Professor of Economics at the Stanford University Graduate School of Business and a Research Associate of the National Bureau of Economic Research. Professor Jones's main research contributions are to the study of long-run economic growth. In particular, he has examined theoretically and empirically the fundamental sources of growth in per capita income over time and the reasons underlying the enormous differences in standards of living across countries. In recent years, he has used his expertise in macroeconomic methods to study the economic causes behind the rise in health spending and longevity. He is the author of Introduction to Economic Growth, Second Edition, also published by W.W. Norton & Company.