Tuesday, June 19, 2012

Six Economic Myths

Xavier Sala-I-Martin explains some key myths about global economic growth and the alleviation of poverty in a short TED lecture from November.  The most interesting are the fifth and sixth.  The fifth begins around the 7 minute mark.  Essentially, we misunderstand the source of economic innovation and growth.  Therefore, we misallocate government resources into technological R and D. 

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