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Economic Growth, 2nd Edition Hardcover – January 1, 2003
byR.J.. Barro.X.Sala-i-Martin(Author)
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Economic Growth, 2nd Edition [Hardcover]Robert J. Barro (Author) Xavier Sala-i-Martin (Author)
- LanguageEnglish
- PublisherThe MIT Press
- Publication dateJanuary 1, 2003
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Product details
- ASIN : B003Q7WARA
- Publisher : The MIT Press
- Publication date : January 1, 2003
- Edition : 2nd edition
- Language : English
- Customer Reviews:
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Customer reviews
4.2 out of 5 stars
15 global ratings
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- Reviewed in the United States on February 3, 2011This is a marvellous book. eminently didactic, up-to-date and very well structured. I finished a graduate degree in economics ober 25 years ago and wanted to go over some book/articles on the theory of economic growth, most of which I had forgotten. This book certainly fit the bill.
The author begins with a heuristic structure which describes in stylized form the problem of economic growth: why some countries grow more than others, and why income per capita is higher in some countries. He then explains the Cobb-Douglas production function and the Solow model in stylized form, and applies these one-by-one to each of the factors which influence differences in growth: capital, labor, productivity, etc. He devotes a significant portion of the text to the theme of productivity, and one or two chapters to the influence of technology on growth, a theme which has much relevance in the modern economic context.
The required mathematics is included, but is kept to a minimum, so that the book is not cluttered with lenghty, but unnecessary proofs. These are left to appendices in the text and on the website which is included with the book. The formulae ( about two or three pages per chapter ) clarify in mathematical notation many pages of explanation in the text, and are well developed. However, the author provides many vignettes with concrete examples, and much of the text draws from factual economic history. He also uses scattergrams to explain relations between economic variables rather than regression equations, which make the text easier to swallow.
A very well-rounded text, highly readable, yet with sufficient rigor, with lots of exercises and problems to be solved for those interested in applying it in a classroom or course. For those interested in the subject of economic growth, whether student or professional, it would be hard to find a better book. - Reviewed in the United States on July 13, 2015Required book for class. Nothing special.
- Reviewed in the United States on August 24, 2014I would recommend this book to anyone interested in the topic of economic growth. It is understandable to a lay person and kept lively by the author's heavy use of up to date and interesting facts.
One thing that sticks out is that the US in in an enviable position worldwide. I guess I should have known that, but it is easy to get caught up in pessimism. The US is at the cutting edge of productivity per capita which is a much harder task to raise than countries that can do catch up growth. For some reason raising productivity per capita at the cutting edge is harder than it was in the post WWII boom era, but that isn't americas unique problem. - Reviewed in the United States on September 24, 2016very old book, pretty dirty!
- Reviewed in the United States on December 17, 2008I use this as a reference book for work even though I didn't use this text in school. It has been very useful and explains the concepts easily with illusrations and analysis that can be applied to work arguments.
- Reviewed in the United States on December 9, 2014Happy with the deal.
- Reviewed in the United States on February 25, 2009The book was in great condition, as listen on amazon, and didnt take too long to arrive through mail.
- Reviewed in the United States on February 15, 2010It came withing the time they said. And the book was in pretty good condition with some high lights. Thanks.
Top reviews from other countries
- Kindle CustomerReviewed in India on September 20, 2014
4.0 out of 5 starsFour Stars
Format: PaperbackVerified PurchaseEvery under graduate students in Economics must read this book to get a clear concepts on economic growth.
