Sat Jun 17 17:26:14 EDT 2006
I think any plausible theory of growth must start with Adam Smith's and
later Jane Jacob's observation that growth happens in cities. Moreover, as
Jacobs further observes, growth happens by import substitution under
conditions of active competition and trade. Finally, as any development
economist can tell us, growth proceeds faster in more egalitarian societies
with relatively low levels of corruption.
Has anyone built models that incorporate at least some of these facts?
Polly Cleveland