(noun) Causes and consequences of population characteristics, in blog form
Friday, March 25, 2011
Surowiecki on the Solow Model
In the current New Yorker, James Surowiecki discusses the implications for Japanese growth and well-being of the Sendai earthquake. He references the same article I found on disasters and growth, which suggests that beyond the neoclassical implications (fast growth along a return to the steady state), there might be something good about being forced to replace old capital with new capital.