Econ 210a: Spring 2012: U.C. Berkeley: Question for April 25, 2012: The Great Divergence, the Great Moderation and the Great Recession:
We have three topics for April 25, so try to sum up your thoughts on one--and only one of the three:
What, in your view, is right and what is wrong with Lant Pritchett's attempt to document and account for the rise in global relative inequality from 1800 to 1980?
Why didn't Raghu Rajan's fears about the dangers of increased "financial sophistication" have more purchase in economists' thought as of the mid-2000s?
What do we really know and not know about why the economy falls to pieces after a financial crisis?