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Memo Question for Modern Economic
Growth
Memo Question:
Economics tends to view growth as a continuous and diffuse
process: if one fi rm does not solve the problem of how to effi ciently utilize
resources, others will and drive the fi rst 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?
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