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Gale Pooley
Gale Pooley

ED 2

Economy & Finance
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Economic Development Lecture 2 Introduction
Questions?
Homework Quizzes Exams
You can have Economic Growth But not Economic Development
You must have Economic Growth If you want Economic Development
Economic Development GNI Life Expectancy Education Choices
As things get cheaper People get richer Buy more with same income
Theories Empirical
Observe Why Test Think Theories Empirical
Test Theories with Empirical Evidence Need both
Hans Rosling gapminder.org
Ideas Inventions Innovations
Ideas - Everybody Inventions - Inventors Innovations - Entrepreneurs
Innovations are market-tested successful inventions
ideas inventions innovations 3%
Six Capitals of Innovation A framework for understanding prosperity and poverty
Intellectual Financial Physical Human Culture Entrepreneur
Entrepreneurial Capital Make innovations out of inventions
arbitrageurs perceivers synthesizers value creators converter Entrepreneurial Capital
Inventor Entrepreneur
What if Steve Jobs had been born in Syria like his father?
Thomas Edison Inventor and Entrepreneur Very Rare
Human Capital trust health trust skills knowledge personality relationships

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