In a timely discussion of economics, Mitchell Rachlis will present some history for our consideration:
-why some countries have developed high incomes per capita while others have stagnated
-why Asian countries were richer than European countries in the 1400s while European-descended countries have often become some of the richest today
-why some countries became vastly richer since World War II while others did not.
Was it the availability of natural resources, cultural and religious traditions, political and social institutions, market structures and incentives, or European colonialism?
What seems to matter the most?
In this class we will explore the various explanations or theories that have been used to describe the economic developments in different times and places.


LLI Coordinator: Karen Waltman