In this year’s Angus Millar Lecture in Edinburgh, Nobel Laureate economist Professor Joseph Stiglitz argues that what truly separates developed from less-developed economies is not just a gap in resources or output, but a gap in knowledge. In studying how countries learn, we can unlock a new approach to growth, development and social progress.
Venue: Hawthornden Lecture Theatre, National Galleries of Scotland, Weston Link, The Mound, Edinburgh EH2 2EL.
We are delighted to welcome Professor Joseph E. Stiglitz who will deliver the 2014 RSA Scotland Angus Millar Lecture on the topic of Creating a Learning Society.
It has long been recognised that most standard of living increases are associated with advances in technology, not accumulation of capital. And it has also become clear that what separates developed from less developed countries is not just a gap in resources or output, but a gap in knowledge. In fact, the pace at which developing countries grow is largely determined by the pace at which they can close that gap. Thus, in understanding how countries grow and develop, it is essential to learn how they learn and become more productive, and what government can do to promote learning.
In the 2014 Angus Millar Lecture, Nobel Laureate Professor Joseph E. Stiglitz will discuss this insight's significance for both economic theory and policy. Elaborating on the themes of his new book with fellow Columbia University economist Bruce Greenwald, 'Creating a Learning Society', Stiglitz will explain why the production of knowledge differs from that of other goods, and why market economies alone are typically not efficient in the production and transmission of knowledge. This perspective has implications for global trade regimes, industrial policy, and intellectual property regimes. In fact, virtually every government policy has impact on learning - something that policy makers must acknowledge in both developing and advanced countries.
Refreshments will available before the event from 5.30pm, and you are warmly invited to take this chance to meet other attendees.