The spectacular, sustained economic growth experienced in several East Asian countries leads to the question what Europe can learn from the East Asian economicmodel. Three advantages of the East Asian model stand out: small social transfers, low taxation and free labor markets. The superiority...

This is the main volume in a series of publications based on a study cosponsored by the government of Japan and the World Bank to examine the future sources of economic growth in East Asia. The study was initiated in 2000 with the objective of identifying the most promising path to development...

Sources of growth in East Asia have been a controversial subject in the literature. This necessitates more empirical studies to see whether there is more convergence to a particular view of the sources of growth. This study provides a comprehensive examination of sources of growth that allows...

During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...

If it's true that Wayne Booth inspired Deirdre McCloskey's interest in the study of rhetoric, then it's also true — happily, in my view — that McCloskey has refused to mimic Booth's programmatic, formulaic methods and boorish insistence on prosaic succinctness. Bourgeois Equality is...

During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...

The expansion in the supply of energy services over the last couple of centuries has reduced the apparent importance of energy in economic growth despite energy being an essential production input. We demonstrate this by developing a simple extension of the Solow growth model, which we use to...