Review: Knowledge and the Wealth Of Nations–A Story of Economic Discovery [ILLUSTRATED] (Hardcover)

4 Star, Economics, Information Society

Amazon Page
Amazon Page

Online Education for EVERYONE Especially the Poor,

June 27, 2006
David Warsh
This is one of two very engaging books I bought for vacation reading. The other, harder to read but just as good, is Jeffrey Frieden’s Global Capitalism: Its Fall and Rise in the Twentieth Century.

After a very engaging book-length discussion of the history of economic theory in modern times, the author gets to the bottom line: education for everyone, and especially the poor, is essential. The author goes beyond this to state very clearly that the existing educational book industries and education institutions (normal schools) are generally worthless in an era of fast changing knowledge. Online education, or at least online selections of up to date mix and match materials that are AFFORDABLE, is the key to bringing entire populations up.

I recommend this book along with Thomas Stewart’s The Wealth of Knowledge: Intellectual Capital and the Twenty-first Century Organization Barry Carter’s Infinite Wealth: A New World of Collaboration and Abundance in the Knowledge Era Howard Rheingold’s Smart Mobs: The Next Social Revolution and most recently, Alvin and Heidi Toffler’s Revolutionary Wealth: How it will be created and how it will change our lives as well as their earlier major work, Powershift: Knowledge, Wealth, and Power at the Edge of the 21st Century.

It bears mention that the conclusion of Jeffrey Frieden in “Global Capitalism” bears on this author’s determination: government is essential, and it is failed government that leads to the marginalization of education.

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