Naked Economics Chapter 7 Reflections. The economy is not a zero sum game.  What does this mean?

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Presentation transcript:

Naked Economics Chapter 7 Reflections

The economy is not a zero sum game.  What does this mean?

Human Capital  What is it?  How do you add to it?  Nature or Nurture?

Wheelan writes,  “too little credit is available for poor families who would like to invest in human capital” (159).  What do you think about this? Any ideas or experiences that give you an opinion on this?

Microcredit  Small, low-collateral or non- collateral loans that are provided to individuals or groups in developing countries  Often have high interest rates

PBS NOW Episode Who is Making Money From Microcredit?

Ted Talk- Sangu Delle In praise of macro– yes, macro – finance in Africa