Open AccessDavid N. Weil. Economic Growth. (Second Edition). New York: Addison Wesley Press, 2009. 565 pages. Paperback. Price not given.
Author(s) -
Nishat Fatima
Publication year - 2022
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v46i3pp.306-307
Subject(s) - clarity , relevance (law) , convergence (economics) , key (lock) , positive economics , field (mathematics) , simple (philosophy) , history , economics , macroeconomics , epistemology , political science , computer science , law , philosophy , mathematics , biochemistry , chemistry , computer security , pure mathematics
Despite the great concern towards the issue of the convergenceof economies, the world is still witnessing the gap between rich andpoor being widened progressively. The book examines the interestingquestion of why some countries are rich and some are poor-why theydiffer in their levels of income and their rates of economic growth.Featuring the latest data, new case studies, and a number of significantadditions in the content, the new Second Edition takes the Weil legacyfurther. The text develops a very balanced relevance of bothmacroeconomics’ classical roots and its current practice in the field ofgrowth. Engagingly written, it brings into use simple models, close toreality examples, and instructive tables and figures to address the keyissues. Chapter summaries, list of key concepts at the beginning of eachchapter, questions for review, as well as problems and applications tohelp the diligent reader master the material he provides. The clarity ofthe writing, the richness of the empirical and quantitativedescriptions, and the best available evidence of some of the moderneconomies confronting growth issues, however, would further deepen hisinterest.