The book works well as a general interest reader for anyone wanting to get a handle on the most recent developments in economic theory.
I still very much enjoyed the book: he writes well, tells a fascinating story, and conveys a good sense of the research enterprise in economics.
Ultimately, this isn't about new growth theory so much as how ideas become conventional economic wisdom (in academia, not the real world).
Warsh does a terrific job of a) outlining the history of economic thought in the West, and the rise of the modern discipline of economics; b) sketching a sociology of the... Read morePublished on June 17, 2011 by Librum
BACKGROUND: In traditional economic models as well as in reality, average cost goes down when production volume goes up. Read morePublished on March 7, 2011 by Jackal
David Warsh has given us a non-technical survey of the theories of developmental economics from Adam Smith's great work by a similar name down to the present day. Read morePublished on July 30, 2008 by InsideWork Book Review
Despite its name, this book will not tell you very much about the wealth of nations. It is a history of economic thought rather than an economic history; specifically, the story... Read morePublished on May 25, 2008 by Declan Trott
Short version: you'll enjoy this book if you already are an economist. Otherwise, you'll get little out of it. Read morePublished on May 16, 2008 by Mattman
If you want to know the present state of the art in economics, this book reads like a shaggy dog story. Read morePublished on April 3, 2008 by none
You will be disappointed if:
a) you expect a general summary of the history of economics
b) you are a technical economist
c) you expect layman's prose... Read more
A fine book spoiled only by the worst proofreading I have ever encountered in a similar book.Published on March 8, 2008 by Teacher
David Warsh presents the economic problem of increasing returns in this history of economic theory from Adam Smith up to Paul Romer, which is to say the present day. Read morePublished on October 4, 2007 by raboof