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The Six Killer Apps of Prosperity. An introduction to Niall Ferguson’s lecture. The Great Divergence. The separation in wealth/innovation/etc. between the developing world (Asia, South America & Africa) and the West (Europe, North America & Australia).

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the six killer apps of prosperity

The Six Killer Apps of Prosperity

An introduction to Niall Ferguson’s lecture

the great divergence
The Great Divergence
  • The separation in wealth/innovation/etc. between the developing world (Asia, South America & Africa) and the West (Europe, North America& Australia).
  • Ferguson wants to understand how this divergence occurred, what caused the divergence, and the future of the world economy now that the gap is closing.
background to ferguson s historical references2
Background to Ferguson’s Historical References
  • Samuel Johnson (1709-1784)
    • First to write the Oxford Dictionary
    • Documented behaviors and tics led historians to diagnose him with Tourette’s Syndrome posthumously
    • Famous British philosopher and author
background to ferguson s historical references3
Background to Ferguson’s Historical References
  • Ibrahim Muteferrika
    • Originally from Transylvania, a convert to Islam
    • An Ottoman diplomat, publisher, courtier, economist, geographer, man of letters, astronomer, historian scholar and theologian.
    • First Muslim to run a printing press with moveable Arabic type
it s not geography
“It’s not geography”
  • East Germany/ West Germany
    • Communism/ Capitalism
    • Trabant vs. Mercedes Benz
  • North Korea/ South Korea
    • Communism/ Capitalism
what has created the divergence
What has created the divergence?
  • Ferguson says it is a society’s ideas and institutions, not geography, that creates the Great Divergence.
  • Adam Smith, not Sean Connery
    • 1776, publishes Wealth of Nations
competition
Competition
  • Europe
    • Political units
  • China
    • Uniformity
      • Imperial civil service examinations
scientific revolution
Scientific Revolution
  • Europe
    • Experimental method
      • “…gave man control over nature.”
  • The Orient and Arab world
    • Theocracy
john locke and property rights
John Locke and property rights
  • Influential thinker of the Enlightenment
  • Social contract theory
    • The relation of natural and legal rights
  • Theory of value and property
    • “Argues that the individual ownership of goods and property is justified by the labor exerted to produce those goods or utilize property to produce goods beneficial to human society.”
  • Ferguson’s example of indentured servitude
  • Importance of property ownership.
modern medicine
Modern Medicine
  • Modern Medicine
    • Breakthroughs in curing infectious diseases
  • Sorcery
the consumer society
The consumer society
  • The Consumer Society
    • The foundation of industrial society
      • “You want people to buy a lot of clothes.”
      • “Propels economic growth, even more than technological innovations.”
  • Bare Necessities
    • Mahatma Ghandi
      • Leader in India’s nationalist movement 1915-1947
      • Swaraj: self-rule
      • Sarvodaya: end poverty through improvements in cottage industry
the work ethic
The Work ethic
  • The Work Ethic
    • Max Weber
      • The “Protestant Work Ethic”
  • Leisure Preference
    • Now the preference of the West?
the killer apps can be downloaded
The killer Apps can be downloaded
  • The Great Re-convergence
    • Is the West deleting its own apps?
    • Does the sequencing of the “download” matter?
      • Do these killer apps need to occur in a particular order?
        • Africa- Libya
    • Can China do without having property rights?