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ECON 200 Quiz: Readings Week 14
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Department
Economics
Course
ECON 200
Professor
bobsubrick
Semester
Spring

Description
Readings Week 14: Long-Run Macro – The Great Divergence “Bourgeois Dignity”, Deirdre McCloksey (Ch. 33-36) Ch. 33: Institutions cannot be viewed merely as incentive-providing constraints • Dependency on employment in a corporation or on another person is like a sort of slavery o They aren’t a free person o Not potential for freedom / damage o No meaning – no dignity Ch. 34: And so the better institutions, such as those alleged for 1689, don’t explain • Lack of property rights had nothing to do with poor productivity • Incentives for the economy hadn’t been changing at all for about 800 years • Lack of economic growt
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