1st Edition

An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries?

By Pádraig Belton Copyright 2017
112 Pages
by Macat Library

112 Pages
by Macat Library

108 Pages
by Macat Library

Robert Lucas is known among economists as one of the most influential macroeconomists of recent times – a reputation founded in no small part on the critical thinking skills displayed in his seminal 1990 paper ‘ Why Doesn’t Capital Flow from Rich to Poor Countries?’ Lucas’s paper tackles a puzzle in economic theory that has since come to be known as the ‘Lucas paradox,’ and it deploys the... Read more

Ways in to the Text 

Who was Robert E. Lucas Jr.? 

What does Why Doesn't Capital Flow from Rich to Poor Countries? Say? 

Why does Why Doesn't Capital Flow from Rich to Poor Countries? Matter? 

Section 1: Influences 

Module 1: The Author and the Historical Context 

Module 2: Academic Context 

Module 3: The Problem 

Module 4: The Author's Contribution 

Section 2: Ideas 

Module 5: Main Ideas 

Module 6: Secondary Ideas 

Module 7: Achievement 

Module 8: Place in the Author's Work 

Section 3: Impact 

Module 9: The First Responses 

Module 10: The Evolving Debate 

Module 11: Impact and Influence Today 

Module 12: Where Next? 

Glossary of Terms 

People Mentioned in the Text 

Works Cited

Biography

Pádraig Belton is completing his doctoral research in politics and international relations at the University of Oxford. A prolific financial, business and political journalist, his work has appeared in publications including the Irish Times, the Guardian, Telegraph, Independent, the Irish Independent, The Atlantic, the New Statesman, Prospect, the Times Literary Supplement, and Foreign Policy, as well as via the BBC.