Lecture 1 Introduction

Lecture 1 Introduction - Lecture 1 Introduction to Economic...

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Unformatted text preview: Lecture 1 Introduction to Economic Growth Prof. Paczkowski Lecture 1 Introduction to Economic Growth Prof. Paczkowski Rutgers University Spring, 2010 Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 1 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Part I Assignment Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 2 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Assignment Baumol, W. et al. Good Capitalism, Bad Capitalism Book available at http://www.yalepresswiki.org/ wiki/Good_Capitalism%2C_Bad_Capitalism Cox, H The Market as God Atlantic Monthly March 1999, V. 283, #3, pages 18 - 23 Available through IRIS Solow, R.M Reflections on Growth Theory Handbook of Economic Growth Volume 1, Part 1, Pages 3 - 10 Available through IRIS Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 3 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Assignment (Continued) Ventura, J. A Global View Of Economic Growth Handbook of Economic Growth Volume 1, Chapter 22, Pages 1419 - 1497 Available through IRIS Bourguignon, J. The Effect Of Economic Growth On Social Structures Handbook of Economic Growth Volume 1, Chapter 27, Pages 1701 - 1747 Available through IRIS Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 4 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Theme of Course Current Discussions Lecture Study Guide Part II Introduction Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 5 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Theme of Course Current Discussions Lecture Study Guide Introduction . . . the economy is set up in a way which precludes its standing still . The remarkable growth of our economy is not an historical accident. Rather, it is a consequence of the nature of the capitalist process. The drive for increased wealth and the structure of its business institutions require the businessman to seek out every opportunity to expand his operations and improve his competitive position. 1 1 Baumol, 23 Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 6 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Theme of Course Current Discussions Lecture Study Guide Introduction (Continued) Theme of Course Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 7 / 62 Lecture 1 Introduction to Economic Growth Prof. Paczkowski Theme of Course Current Discussions Lecture Study Guide Introduction (Continued) The theme for us is that all economies do not stand still The quote leaves the impression of positive growth, but economies can shrink and die We will see some of this later Nonetheless, they all move dynamically through time Prof. Paczkowski (Rutgers University) Lecture 1 Introduction to Economic Growth Spring, 2010 8 / 62 Growth Time Reality An Economy Moving Through Time: Not Standing Still Lecture 1...
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This note was uploaded on 02/08/2011 for the course ECONOMICS 101 taught by Professor June during the Spring '08 term at Rutgers.

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Lecture 1 Introduction - Lecture 1 Introduction to Economic...

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