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Creativity and Growth in: Edmund Phelps (2013), Mass Flourishing. How Grassroots Innovation Created Jobs, Challenge and Change

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  • Andrew C. Godley

Abstract

This article reviews the thesis presented by Edmund Phelps, Mass Flourishing. How Grassroots Innovation Created Jobs, Challenge and Change (Princeton University Press, 2013) that modern economic growth is an indirect outcome of human creativity, and that the object of enlightened policy ought to be to promote this creativity, or flourishing, rather than economic growth per se. The book is a remarkable contribution to the literature on economic growth, with its focus on how entrepreneurship and innovation generates endogenous growth and, more importantly to the author, improves human satisfaction.

Suggested Citation

  • Andrew C. Godley, 2014. "Creativity and Growth in: Edmund Phelps (2013), Mass Flourishing. How Grassroots Innovation Created Jobs, Challenge and Change," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 21(2), pages 255-260, July.
    • Handle: RePEc:taf:ijecbs:v:21:y:2014:i:2:p:255-260
    DOI: 10.1080/13571516.2014.919737
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    References listed on IDEAS

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    1. Edmund Phelps, 2015. "Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change," Economics Books, Princeton University Press, edition 1, number 10058-2.
    2. Raghuram G. Rajan, 2010. "Fault Lines: How Hidden Fractures Still Threaten the World Economy," Economics Books, Princeton University Press, edition 1, number 9111.
    3. Gregory Clark, 2007. "Introduction to A Farewell to Alms: A Brief Economic History of the World," Introductory Chapters, in: A Farewell to Alms: A Brief Economic History of the World, Princeton University Press.
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