"Over the past decades, many economists have sought to define the differences between the physical goods economy and the modern protocol economy. In 2000, Larry Summers, then the Treasury secretary, gave a speech called The New Wealth of Nations,” laying out some principles. Leading work has been done by Douglass North of Washington University, Robert Fogel of the University of Chicago, Joel Mokyr of Northwestern and Paul Romer of Stanford.
Their research is the subject of an important new book called From Poverty to Prosperity,” by Arnold Kling and Nick Schulz."
&mdash David Brooks in the New York Times, Dec 22 2009
&mdash Newt Gingrich, former Speaker of the House, author of Real Change
"A fascinating blend of interviews and perspectives on where economics and the economyis heading. A must read for anyone who thinks economists are out of touch with today's reality or don't have competing compelling visions for the future."
&mdash Simon Johnson, Ronald Kurtz Professor of Entrepreneurship at MIT’s Sloan School of Management, former chief economist at the IMF
About the Author
ARNOLD KLING was an economist on the staff of the Board of Governors of the Federal Reserve System from 1980-1986 and served as a senior economist at Freddie Mac from 1986-1994. Kling is the author of several books, most recently Crisis of Abundance: Rethinking How We Pay for Health Care. He lives in Maryland.
NICK SCHULZ is DeWitt Wallace Fellow at the American Enterprise Institute and Editor of American.com. He is a columnist for The Mint newspaper in Mumbai, India. His writings have appeared in the Wall Street Journal, the Los Angeles Times, the Washington Post, Slate, Forbes.com, among others. He lives with his wife and children in Maryland.