Economics For Real People: Explaining economic growth

 

Here’s a note from our friends at the Auckland Uni Economics Group about tonight’s seminar. (All welcome—especially non-economists!)

Tonight’s University of Auckland Economics Group Seminar:
A survey of the approaches taken by economic historians to explaining the causes of modern economic growth
The problem of explaining the causes of modern economic growth looms large in the economic-history literature. The twelve-fold increase in the material standard of living since the industrial revolution, only enjoyed by a small fraction of the world’s population, is the central observation in the field. Since the pioneering work of Colin Clark and Simon Kuznets, empirically and theoretically informed economic historians have attempted to measure, locate, and explain the causes of modern economic growth.
    In this week’s Economics Group seminar we are excited to be joined by Dr. Geoffrey Brooke from AUT. He will outline the various methods employed by economic historians and discuss the results of such methods, which have been mixed. Geoff will explain how this literature is characterized by the failure of empirical studies grounded in neoclassical price theory to explain the mechanism by which growth occurs.
    This failure has resulted in a return to searching for the necessary conditions required for growth to occur.

        Date: Thursday, May 19
        Time: 6-7pm
       Location: Case Room 4, Level Zero, School of Business and Economics

See you there!

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