For the last bit in the class, we will refer to two chapters of “A Farewell to Alms” by Gregory Clark. Chapter 16, “The Proximate Sources of Divergence”, and chapter 17, “Why isn’t the whole world developed?” Advertisements
We have addressed a number of topics since the last exam. Here is a list of references relevant for the exam on Aug 11th.
Towards a New Paradigm for Development by Joseph Stiglitz forms an important part of our readings for this week (together with James Dorn’s paper — link in the previous post), and Peter Bauer’s paper (see the previous post.) We will … Continue reading
On Monday August 1st, we will discuss two articles. The first is by Peter Bauer, “Subsistence, Trade, and Exchange: Understanding Developing Economies.” I had distributed a hard-copy of the article in class on Thursday. The other is by James A … Continue reading
In a NY Times article, “Building a Green Economy,” Paul Krugman asks, “. . . is it possible to make drastic cuts in greenhouse-gas emissions without destroying our economy?” and answers,
Take a look at the two handouts which have some questions related to what we have discussed in class. The first relates to the Harrod-Domar model and the second to questions on data.