Economics 101b Lecture: September 14: Our Unequal World
Economics 101b Lecture: September 19: Introduction to the Full-Employment Business-Cycle Model

Economics 101b Lecture: September 16: Drawbacks of and Extensions to the Solow Model

Lecture: September 16: Drawbacks of and Extensions to the Solow Model

Productivity Speed-Ups and Slow-Downs...

More Heads vs. Exhaustion of Ideas...

  • Eventual stasis
  • The revenge of Malthus?
  • Singularities

Important Things Left Out of the Solow Model

  • Government Capital: Infrastructure
  • Government Capital: Rule of Law
  • Government Capital: Basic Research
  • Private Capital: Ideas
  • Private Capital: Organizations
  • Human Capital

The Problems of Intellectual Property...

Paying for Goods with Increasing Returns...