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In the spirit of Thomas Sowell, brilliant economist and Fellow at the Hoover Institution at Stanford who regularly writes a “Random Thoughts” column on the state of politics, here’s what I’ve been thinking about today related to the Duke Cross Continent program:
Global Markets and Institutions, with Prof. Jim Anton, is a multi-term course focusing on the macroeconomic drivers that drive the creation of wealth. The pre-reading for this class is fairly straightforward: there’s some textbook reading to introduce the necessary macroeconomic concepts and definitions, and two case studies. The first case study, “Institutions” from the Journal of Economic Perspectives, outlines how economies have developed over time and compares systems that have evolved with institutions that have crumbled. The second case study, “Botswana: A Diamond in the Rough” from Harvard Business School, discusses the value of the diamond trade in increasing per capita wealth, with nearly 10% growth per annum since the country gained independence in 1966. I haven’t gotten to the case studies yet, but I have done a significant portion of the textbook reading. Here are some of my reactions: |
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