In this fourth part of our series on economic growth and development, I outline the major theories of economic development developed over the past sixty years. I trace the development of such theories beginning with the Harrod-Domar theory, and proceeding through the Solow-Swan model, the Ramsey model, Romer's spillovers model, and endogenous growth theory, in each case discussing their key features, and analysing their strengths and weaknesses. The episode concludes with a brief survey of a range of more recent growth models focusing on modelling coordination failures and poverty traps, emphasising the work of Daron Acemoglu on economic institutions. The Recommended pre-listening is Episode 105: Economic Growth and Development Part III.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
Episode 47: Vision Part 3
Episode 46: Vision Part 2
Episode 45: Vision Part 1
Episode 44: Cell Division
Episode 43: Electric Forces and Fields
Episode 42: Gases and Gas Laws
Episode 41: Flotation and Fluid Mechanics
Episode 40: Gun Control
Episode 39: Sovereignty and the State
Episode 38: Neurons and Synapses
Episode 37: Oxidation and Reduction
Episode 36: Consumer Choice Theory
Episode 35: DNA Structure and Function Part 2
Episode 34: DNA Structure and Function Part 1
Episode 33: Disturbing Social Psychology Experiments
Episode 32: Light and Optics
Episode 31: Solutions and Mixtures
Episode 30: Systems of Government
Episode 29: Operant Conditioning
Episode 28: Classical Conditioning
Create your
podcast in
minutes
It is Free
DNA Today: A Genetics Podcast
Museum of the Missing
Strange by Nature Podcast
Sasquatch Chronicles
Hidden Brain