Philippe Aghion, Ufuk Akcigit, Peter Howitt,Chapter 1 - What Do We Learn From Schumpeterian Growth Theory?,Editor(s): Philippe Aghion, Steven N. Durlauf,Handbook of Economic Growth,Elsevier,Volume 2,2014,Pages 515-563,ISSN 1574-0684,ISBN 9780444535467,https://doi.org/10.1016/B978-0-444-53540-5.00001-X. Schumpeterian Growth: Basic Model This model is about how an economy grows when new inventions and innovations happen. It’s based on the idea that new innovations come …
Author: Richard Wilson
Chapter summary – “Measuring innovation” by Keith Smith in the Oxford Handbook of Innovation
Smith, K. (2009). Measuring Innovation. In J. Fagerberg, D. C. Mowery, & R. R. Nelson (Eds.), The Oxford Handbook of Innovation (pp. 148-178). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199286805.003.0006 Challenge of Measuring Innovation: The paper emphasizes the inherent difficulty in quantifying innovation due to its novel nature. It notes that "Measurement implies commensurability," yet innovation, by its …
Chapter summary: “Introduction to the Handbook” in Handbook of the Economics of Innovation by Hall and Rosenberg
Hall, B. H., & Rosenberg, N. (2010). Introduction to the Handbook. In Handbook of the Economics of Innovation (Vol. 1, pp. 1-9). Elsevier. DOI: 10.1016/S0169-7218(10)01001-4. Dynamic Nature of the Innovation Process: The innovative process is inherently dynamic, building on past knowledge, inventions, and innovations. This cumulative and evolving nature of innovation is a key theme, …
Chart – Nuclear reactors under construction, The Economist
The Economist. (2023, November 30). Chart: Plant Growth. The Economist. Retrieved from [https://www.economist.com/].
Statistics on the future of work – The Economist
The Economist. (2023, November 30). A new age of the worker will overturn conventional thinking. The Economist. Retrieved from [https://www.economist.com/]. Shrinking Wage Gaps: Since 2016, the lowest earners in America have seen faster wage growth than the highest earners. The COVID-19 pandemic accelerated this trend, reversing 40% of the pre-tax wage inequality that had developed …
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Play summary: Macbeth by William Shakespeare
Act 1: The Rise of Ambition Scene Setting: Scotland, during a time of war. Key Events: Macbeth and Banquo, Scottish generals, encounter three witches who prophesy that Macbeth will become Thane of Cawdor and eventually King of Scotland, while Banquo's descendants will also be kings. The prophecy begins to come true as Macbeth is indeed …
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Chapter summary: “Socrates” in A History of Western Philosophy by Bertrand Russell
Russell, Bertrand. A History of Western Philosophy. Simon & Schuster, 1945. Socrates Historical Ambiguity: The extent of our knowledge about Socrates is a subject of debate among historians, creating uncertainty about how much we truly know of his life and teachings. Athenian Citizen: Socrates, known as an Athenian citizen of moderate means, devoted his life …
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Backgrounder: Pre-Socratic Philosophers
The Milesian School Thales Belief: Argued that water is the primary element and principle of all things. Argument: Based on the observation that life is sustained by moisture and that heat itself seems to originate from and require moisture. Anaximander Belief: Introduced the concept of 'Apeiron' (the indefinite or infinite) as the fundamental principle. Argument: …
Novella summary: The Metamorphosis by Franz Kafka
Kafka, Franz. “The Metamorphosis.” Translated by David Wyllie. Project Gutenberg, 2002. Synopsis Chapter 1: Gregor's Transformation: Gregor Samsa wakes up to find himself transformed into a large insect-like creature. He struggles to adjust to his new body and the limitations it imposes. Family's Reaction: His family and his employer's clerk react with shock and horror …
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Chapter summary: “America’s Map” in The New Map: Energy, Climate and, and the Clash of Nations by Daniel Yergin
Yergin, Daniel. "America's New Map." In The New Map: Energy, Climate, and the Clash of Nations, 101-135. New York: Penguin Books, 2021. Shale Revolution's Impact: It drastically changed U.S. energy production, making it a key global player. Led to a decrease in oil and gas prices worldwide due to increased supply. Altered global geopolitical dynamics, …
RICHARD WILSON 