naïve learning rules. In fact, more sophisticated, e.g. recursive least squares (RLS) expectations produce less accurate …

Creating a Learning Society explains how the countries of the world went from centuries of stagnation to the enormous … Stiglitz and Greenwald make clear, markets won't succeed on their own in creating the learning society that we need. Achieving …, the central thesis of this book is that every policy--tax, regulation, and expenditure--affects learning, and that …

wider range of instruments. In particular, it argues that 'learning' is central to development, there are intrinsic market … failures associated with learning, and that carefully crafted industrial policies can promote learning and development. …

way to long-term development, guided by the focus on knowledge and learning. Indeed, when economic theory takes knowledge … how they learn and become more productive and what government can do to promote learning. In Creating a Learning Society …, Joseph E. Stiglitz and Bruce C. Greenwald cast light on the significance of this insight for economic theory and policy …