This is an archived course. A more recent version may be available at ocw.mit.edu.
Thinking back to the beginning of the semester…
We've focused some on descriptive questions
Also addressed "positive" questions
Steered away from normative questions. What is right and what is wrong - in the sense of morally desirable or not.
What is so important about economic growth? Should we care about growth or equity or alleviating poverty. Here, an admonition:
A little corruption here if the economy is growing?
Is it good to have a democracy? Why? A benevolent dictatorship acceptable if it delivers economic growth?
My answer is NO, but that's because I have a particular view of democracy: not just election, but accountability
But in the real world, there are tradeoffs.
I would invite you to address these issues…after the exam.