Book Reviews
Mikael Lindahl of University of Gothenburg reviews “The Knowledge Capital of Nations: Education and the Economics of Growth”, by Eric A. Hanushek and Ludger Woessmann. The Econlit abstract of this book begins: “Analyzes the premise that knowledge is the key to economic development, providing evidence that the development of cognitive skills correlates with long-run prosperity. Discusses a structure for understanding growth; knowledge capital and growth—the main results; causation; developing countries, focusing on Latin America and East Asia; developed countries, focusing on OECD countries; the economic value of educational reform; and policies to improve knowledge capital. Hanushek is Paul and Jean Hanna Senior Fellow in the Hoover Institution at Stanford University. Woessmann is Professor of Economics at the University of Munich and Director of the Ifo Center for the Economics of Education and Innovation.”