What is and why is economic growth important? What is the role and nature of “The Industrial Revolution”? Human population and income inequality. What are the causes of sustained economic growth registered in the past 200 years? Some alternative hypothesis: nature, culture, institutions, luck. Causes for the persistent differences in per capita income among the countries. Public policy influence: what matters and what does not in the sustained growth of standards of living. 21st century scenarios. (Gabriel Mihalache presents)

To read: Robert E. Lucas Jr. – The Industrial Revolution: Past and Future