CICS 101 Lecture Notes - Lecture 1: Jeffrey Sachs, Malthusian Trap, Fluoride

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Final value of all officially produced goods and services produced in a country in a year. Summary measure of the development of the economy. Inflation: general tendency for prices to rise. A model of the world that does not allow for sustained growth in surplus per person. It allow us to track economies over time and to compare economies. Same as above, but allows for a more accurate assessment of economic performance. A model of the world that was true; very hard to do this! Definition be procrastinated to make the correct decision. Special kind of incentive where you are guided. Used for decisions that might otherwise might. Makes the good decision the default in general. Fluoride in drinking water, urinals, conscription while registering for classes, uncheck promotional spam boxes, food placement in grocery stores. Development ladder model of the world, not necessarily true. Look for individual, context-specific solutions to local problems.

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