Modern Economic Growth https://www.icloud.com/keynote/0cAkr6Xg2irxSX4uEtqSShI-Q
- Modern Economic Growth: Eagle’s-Eye View https://www.icloud.com/keynote/0uV-761YfOFH171v7LfWSaraA
- Future Duration of Modern Economic Growth https://www.icloud.com/keynote/0-YJu0G3OfHNBAdgdO7ACJ-rw
- African Retardation https://www.icloud.com/keynote/0O8TxLOzM1gvGwSZYkWBV97rw
Readings: Modern Economic Growth https://www.icloud.com/keynote/0-eFajZd43DYDqAqDnBfRqeLA:
William D. Nordhaus (1997): Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not http://www.nber.org/chapters/c6064 https://www.icloud.com/keynote/0dc5gmnPPBwdqXx-Ql3i-hEaQ
Dave Donaldson (2016): Railroads of the Raj: Estimating the Impact of Transportation Infrastructure http://www.nber.org/papers/w16487.pdf https://www.icloud.com/keynote/0qBZ2I5FNs-WmpuCh_lZHOurw
Peter Thompson (2001): How Much Did the Liberty Shipbuilders Learn?: New Evidence for an Old Case Study http://www.jstor.org/stable/pdfplus/10.1086/318605.pdf https://www.icloud.com/keynote/0bwURhbpD_r3yp9L2Y4CNLW2A
Nicholas Crafts (2002): "The Solow Productivity Paradox in Historical Perspective," CEPR Discussion Paper no.3142 http://www.cepr.org/pubs/dps/DP3142.asp https://www.icloud.com/keynote/0tR_-udvdJau_fkmiItCzxmCQ Nathan Nunn (2008): The Long-Term Effects of Africa’s Slave Trades, Quarterly Journal of Economics 123 (February): 139–176. http://www.jstor.org/stable/pdfplus/25098896.pdf https://www.icloud.com/keynote/06pkCtAWbjBWAijow41dM1XAQ
Michael Kremer (1993): Population Growth and Technological Change: One Million B.C. to 1990 http://www.jstor.org/stable/2118405 https://www.icloud.com/keynote/0QS8lRrIW28RLHEVG89aq6xRw
J. Bradford DeLong (1991): Did J. P. Morgan’s Men Add Value? An Economist’s Perspective on Financial Capitalism http://www.nber.org/chapters/c7182
Daron Acemoglu and Joshua Angrist (2001): How Large are Human-Capital Externalities? Evidence from Compulsory Schooling Laws http://papers.nber.org/books/bern01-1
Memo Question: Economics tends to view growth as a continuous and diffuse process: if one firm does not solve the problem of how to efficiently utilize resources, others will and drive the first out of business; if one technological vein plays itself out, energy will focus on others. These readings all argue different. They argue one side of a debate. They argue either that some unique and particular institutions and technologies matter a lot. What kinds of evidence not presented in these reading might lead you to come down on one or the other of the many, many sides in this debate—either on the side of economists' standard prior, or that in fact it is still other and still different institutions or technologies or simply the aggregate state of the economy that matters the most? https://www.icloud.com/keynote/0ElT1DF6p0hpO991Wx0CTDJAQ
Warm-Up:
- Looking Back (5 min): Main lessons from last time
- Today (5 min): Interesting points from reaction essays
Core:
- (10 min) Overview
- (5 min) Issues and questions
- (12 min) Kremer:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
- (12 min) Nordhaus:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
- (12 min) Donaldson:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
- (12 min) DeLong:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
- (12 min) Acemoglu and Angrist:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
- (12 min) Thompson:
- Why is this paper being written?
- What are the main arguments?
- What are the major pieces of evidence?
- Why won't those who think differently be convinced?
- Who is right?
Cool-Down:
- Looking Forward (5 min): Next time
- Looking Forward (5 min): Next reaction question