The authors address one of the key issues facing world leaders today, putting forward a radical and realistic new model for managing trading relationships between the richest and the pooorest countries.

From Nobel Laureate Robert M. Solow comes this Second Edition of his classic text, Growth Theory, to which he has added six new chapters. The book begins with the author's Nobel Prize Lecture "Growth Theory and After" (1987) followed by the six, original chapters of the First Edition. The author maintains that basic growth theory is still best summarized in these chapters. The publication of the First Edition in 1970 coincided with a worldwide productivity slowdown; during that time very little work occurred on growth theory. It wasn't until the 1980s that a surge of new research appeared, including the work of Roemer, Lucas, Grossman/Helpman, Aghion, and Howitt. The second half of the book deals with this relatively recent surge, often referred to as "the new endogenous growth theory." As a bridge to the six new chapters, Solow includes an essay entitled "Intermezzo" in which he discusses this transition. The author recasts his model to help the reader compare the relationships among all models; for reasons made explicit in the book, he deals with "AK" theory, convergence, and international cross-section studies rather tersely. The author concludes by drawing some lessons from the new growth theory and suggests where gaps may be filled in future research. Although Solow disagrees strongly with much of the recent research, he is quick to acknowledge some of its outstanding contributions. This Second Edition is essential reading for graduate courses in macroeconomics as well as courses on growth theory at both undergraduate and graduate levels. No other book provides this broad overview of the whole field and its evolution.

Fortunately for the reader, the author is not only a sophisticated practicing anthropologist--and incidentally a medical man--but also a person of wide and cosmopolitan literary culture. ... The interest of this exercise extends far beyond two backward corners of South America. How human beings make intellectual sense of the world in which they live, and which they no longer even partially control, is a question which concerns all of us. What they do with the 'social constructions (and deceptions) of reality' is equally significant. For men strive not only to understand but to change the world."--E.J. Hobsbawm, New York Review of Books "[Taussig] gives us superb ethnography, a Marxist critique of world capitalism, a lesson in analogical and dialectical techniques (some of them bordering on the mystical), and argues convincingly that humanist interpretation can be as empirically 'hard' as scientific measurement. ... [He] develops a set of painstaking techniques that allow us to 'read' the text of Caucana beliefs by means of an elaborate iconography derived from analogic reasoning and grounded in Marxist theory. Such a text is not to be 'understood' as a peasant or folk recourse to 'limited good' or 'folk Catholocism, ' but rather as revelatory of real social relationships that are disguised in more advanced capitalist societies by the process of ideological mystification that Marx called 'the fetishism of commodities.'"