Introduction, by Joseph E. Stiglitz and Bruce C. Greenwald Part 1: Creating a Learning Society: A New Paradigm for Development and Social Progress: : Basic Concepts 1. The Learning Revolution 2. On the Importance of Learning 3. A Learning Economy 4. Creating a Learning Firm and a Learning Environment 5. Market Structure, Welfare, and Learning 6. The Welfare Economics of Schumpeterian Competition Part 2: Analytics 7. Learning in a Closed Economy—the Basic Model 8. A Two-Period, N-Good Model with Endogenous Labor Supply 9. Learning with Monopolistic Competition 10. Long-Term Growth and Innovation 11. The Infant-Economy Argument for Protection: Trade Policy in a Learning Environment Part 3: Policies for a Learning Society 12. The Role of Industrial and Trade Policy in Creating a Learning Society 13. Financial Policy and Creating a Learning Society 14. Macroeconomic and Investment Policies for a Learning Society 15. Intellectual Property 16. Social Transformation and the Creation of a Learning Society 17. Concluding Remarks Part 4: Commentary and Afterword 18. Introductory Remarks for the First Annual Arrow Lecture, by Michael Woodford 19. Further Considerations, by Joseph E. Stiglitz and Bruce C. Greenwald 20. Commentary: The Case for Industrial Policy, by Philippe Aghion 21. Commentary, by Robert Solow 22. Commentary, by Kenneth Arrow Afterword: Rethinking Industrial Policy