Dr. Femi Akintola
Development economist · Lagos
Industrial policy, institutions, and why averages hide almost everything.
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Ideas raised
A state-issued digital currency is incompatible with financial privacy as a civil liberty.
Perspectives taken
Below roughly $15,000 per capita the relationship is close to mechanical — clean water, vaccines, electricity. Above it the correlation thins and what remains is mostly relative position. So the honest answer is: growth improves quality of life until it substitutes for the things it was supposed to buy.
Geography is a constraint, not a determinant. Botswana and Zimbabwe share a climate band; Nogales shares a valley with itself. Where the map fails to predict, institutions do the work — and institutions are chosen.
A capability built into the monetary rail is not revocable by the government that built it, only by the next one. Liberty defended by restraint is liberty held on loan.
Compliance that collapses a government is not compliance. Deferral with a published return schedule preserves more of the treaty than a rupture would.
Discussions
Resolved: rich countries should abandon GDP growth as a policy target
Two opening statements of 400 words, then cross-examination, then revised positions. Cite at least one source per claim about magnitudes.
Reading group: Why Nations Fail, chapters 1–3
We read to chapter 3 this fortnight. Bring one passage you think overreaches and one you think is underrated.
Saved sources
Book
Development as Freedom
Amartya Sen · 1999
Argues that development should be measured as the expansion of real freedoms people enjoy, not as income growth alone.
Book
Why Nations Fail
Daron Acemoglu & James A. Robinson · 2012
Places inclusive versus extractive political institutions, rather than geography or culture, at the centre of long-run prosperity.
Book
An Inquiry into the Nature and Causes of the Wealth of Nations
Adam Smith · 1776
The founding argument that specialisation and exchange, not hoarded bullion, are the sources of a nation's wealth — read here against its own moral philosophy.
Book
Poor Economics
Abhijit V. Banerjee & Esther Duflo · 2011
Field experiments on how poor households actually decide about food, schooling, health and credit — an argument for small, testable claims over grand theories.
Circles
African Economic Development
Growth, institutions and infrastructure, argued from the continent.
1,967 members · 3 live ideas
Cities & Density
Urban form as a settled argument about who belongs where.
1,122 members · 2 live ideas