Barro and Sala-i-Martin have done a superb job of synthesizing much of the existing theoretical and empirical research on the mechanisms and determinants of economic growth and convergence. Though it incorporates much new material, this updated version is fully accessible to a third year undergraduate student, while remaining of invaluable use to any research scholar seriously interested in growth and development economics.
Philippe Aghion, Department of Economics, Harvard University
This is an invaluable book for a first graduate course in economic growth. The exposition is clear and easy to follow, but also rigorous. It is an excellent stepping stone for research in the field.
K. Daron Acemoglu, Professor of Economics, MIT
Barro and Sala-i-Martin provide an outstanding and comprehensive treatment of growth theory and empirics—an instant classic! I learn something new every time I pull my copy from the shelf.
Charles I. Jones, Department of Economics, University of California, Berkeley
Lionel McKenzie's new monograph is a pleasure to read. Only a major contributor to economic theory could teach general equilibrium theory with such clarity and authority. The book is gracefully written and rigorous, and does an elegant job of situating competitive equilibrium theory in the economic and mathematical traditions from which it evolved.
Robert E. Lucas, Jr., John Dewey Distinguished Service Professor, The University of Chicago, Nobel Laureate in Economic Sciences (1995)
