Monday, March 4, 2024

"What Do We Know About Economic Growth? Or, Why Don't we Know Very Much?" (2001)

What Do We Know About Economic Growth? Or, Why Don't we Know Very Much? by Charles Kenny and David Williams, 2001.

https://faculty.nps.edu/relooney/KennyGrowthSurvey.pdf


From the Conclusion:

There are, we think, a number of conclusions and implications which follow from the analysis we have presented here. First, a review of the available evidence suggests that the current state of understanding about the causes of economic growth is fairly poor... What we are arguing is that we are in a weak position to explain why some countries have experienced economic growth and others not.

If even the views of experts offer a fairly poor understanding of the causes of economic growth, then what would it hurt to consider the views of a hobbyist like me?

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