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April 7.
What Matters in the Very Long Run:
On t
he Shifting Pace
of Growth of Technological & Organizational Knowledge
Moses Finley & William Nordhaus:
—
1
5
minutes issue-perspective lecture (at end of previous class)
2:45-3:00
—30
minutes
papers
discussion
1:10-1:40
—15
minutes
“lessons”
lecture
1:40-1:55
—
10 minutes break
1:55-2:05
—30
minutes paper
s
discussion 2:05-2:35
—1
0 minutes
summing-up 2:35-2:45
Discussion Prompt:
Why did ideas growth used to be so slow?
What is the ideas growth rate now, really?
And how does growth theory help us
think about these issues?—this week is a
mess, a
blancmange
.
So please give me your take on one of the
following three questions:
•
What are the holes you see in Finley’s
big argument for why the proportional
growth rate of the deployed-ideas stock
was so low?
•
What are the holes you see in
Nordhaus’s argument for why the
proportional growth rate of the
deployed-ideas stock is now so
incredibly fast?
•
What are the most useful parts of post-
Paul Romer economic growth theory
for thinking about these questions?
Zoom Room
<
https://berkeley.zoom.us/j/97240285431?
pwd=VldmeGdtNmR6eklqSGUwMGgza3hIUT09
>
Readings:
A set of arithmetic calculations, a think piece, and two
modelling exercises (that you have seen before in David
Romer’s §§ of macro)…
William D. Nordhaus
(1997)
:
Do Real-Output
&
Real-
Wage Measures Capture Reality? The History of Lighting
Suggests Not
<
http://www.nber.org/chapters/c6064
>
Moses Finley
(1965)
:
Technical Innovation
&
Economic
Progress in the Ancient World
<
http://www.jstor.org/stable/
2591872
>
====
Michael Kremer
(1993)
:
Population Growth
&
Technological Change: One Million B.C. to 1990
<
http://
www.jstor.org/stable/2118405
>
Charles Jones
(1995):
R&D-Based Models of Economic
Growth
<
https://delong.typepad.com/fi les/jones-r--d.pdf
>
<
https://www.icloud.com/keynote/0_92_e-wt2Y3mXNtUWDE1i_hQ
> 2021-04-07
