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Audio:
Recommended Reading:
- Readings: W. Michael Cox and Richard Alm, “Creative Destruction.” Online lecture: MRUniversity, “The Solow Model and the Steady State.” [NOTE: This is a great video to teach the Solow model’s conclusions about the role of capital in long-run growth. The student can follow links to other lectures in this series to learn more, if desired.]
- Topics: Creative destruction and the Solow model