Thinking back to the beginning of the semester…
We've focused some on descriptive questions
Also addressed "positive" questions
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If-then Statements
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Testable Propositions
Steered away from normative questions. What is right and what is wrong - in the sense of morally desirable or not.
What is so important about economic growth? Should we care about growth or equity or alleviating poverty. Here, an admonition:
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Development is Different from Growth
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Growth is about GDP Per Capita
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Development is Much More Difficult to Define
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To Me, about Improving Living Standards
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Which Means Some Considerations for Equity
A little corruption here if the economy is growing?
Is it good to have a democracy? Why? A benevolent dictatorship acceptable if it delivers economic growth?
My answer is NO, but that's because I have a particular view of democracy: not just election, but accountability
But in the real world, there are tradeoffs.
I would invite you to address these issues…after the exam.