Growth
| Lecture handout: Growth* |
⭐ Required readings:
- Cowen, T., “The Case for the Longer Term“, Cato Unbound, January 9th 2019
Growth is like an iPhone:
Here is an example of Prague’s enduring beauty. But rather than look at this image and think about preservation of the status quo, I look at it and think of the amazing growth that transformed it from a hamlet to the city shown in 1910. Indeed, any historic and enduring beauty is testimony to previous growth and ambition.
See my Country competitiveness Dashboard.
🎧 Recommended podcasts
-
Brad DeLong on Intellectual and Technical Progress (Ep. 172), Conversations with Tyler, February 22nd, 2023
🗒️ Recommended articles
- Krugman, P., 1994, The Myth of Asia’s Miracle. Foreign Affairs, 73(6), 62–78
- Jones, C., 2015, ‘The Facts of Economic Growth‘ – an encyclopedic account of the main facts about growth
📚 Recommended books
- Koyoma, M., and Rubin, J., 2022, How the World Became Rich: The Historical Origins of Economic Growth, Wiley
- De Long, B., 2022, Slouching towards utopia, Basic books
💻 Recommend websites
📺 Recommended videos:
- Is Economic Growth a Moral Imperative? Lecture by Tyler Cowen, (which is based on his book, Stubborn Attachments).
| Learning Objectives: Understand the foundations of economic growth. See how economic growth theories inform development economics. Cutting edge theory: This session defines cutting edge growth Focus on diversity: One of the most widely respected economic historians of the factors that led to industrialisation is Deidre McCloskey Spotlight on sustainability: This session defines the sustainable growth rate as the balanced path between capital accumulation and capital consumption. |