SISU-240 Lecture Notes - Lecture 7: Bartholomew I Of Constantinople, Capability Approach, Overfishing
17 Jan 2016
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Document Summary
One of the reasons for the poor performance of many countries" economies. Convince millions of people of the importance of sustainability. Owners of property (factories by the 19th century) Economic development through investment in all areas of production. Acquisiton of rights means more freedom means more development (sen) What individuals are able to do, instead of what they have. Importance of real freedoms and balance of materialistic and nonmaterialistic factors. Shifted focus from utility and access to resources to the functional capabilities of people. Jobs = capabilities = money = trade = economic development. Regional elites who live in district capitals and trading centers with enough education to hope for a formal job. Practical examples and lead to economic growth (argentina, brazil) Eoi = speed industrialization by exporting what it has a comparative advantage. Practical examples and lead to great economic growth (taiwan, south korea) Against neoclassical ideas of free market = full employment.
