Description
Book SynopsisIn this book the Nobel Prize-winning economist Robert Lucas collects his writings on economic growth, from his seminal
On the Mechanics of Economic Development to his previously unpublished 1997 Kuznets Lectures.
Trade ReviewLucas writes beautifully and provocatively. He has thought hard about the forces of growth and the facts and episodes that must be explained by any growth theory. His discussion of history is interesting and insightful. It more than adequately motivates his theoretical modeling. And Lucas has few peers as a modeler; his models are parsimonious, his exposition is crisp, and he is very good at explaining what lessons should be drawn from the formal results. -- Gene M. Grossman, Jacob Viner Professor of International Economics, Princeton University
Robert Lucas is the most outstanding economic theorist of the late 20th century...The great merit of Lucas's models is that while they are mathematically rigorous, they are also very simple and transparent...As he takes up complications such as class, he still manages to derive elegant and lucid solutions...Lucas has now given a deeper meaning to new classical economics. This is a superb collection and will guide teaching as well as research for many years to come, as so much of Lucas's work already has done. -- Meghnad Desai * Times Higher Education Supplement *
Lucas provides a lucid introduction and nontechnical summaries of his main ideas...A reader may even come to feel the excitement of Lucas's passionate quest for the solution to the mystery of growth...[This] book is an outstanding intellectual achievement...Lucas's discussion raises the question of what kind of public policies are needed for countries to break out of poverty. -- Robert Skidelsky * New York Review of Books *
Table of ContentsAcknowledgments Introduction 1. On the Mechanics of Economic Development 2. Why Doesn't Capital Flow from Rich to Poor Countries? 3. Making a Miracle 4. Some Macroeconomics for the Twenty-First Century 5. The Industrial Revolution: Past and Future References Index
