4. The Microeconomics of Development - Readings

This lesson will have no discussion, I will lecture for 2 periods, and then we will transition to the next lesson, which will end in a discussion.

Recommended Readings:

• Smith (1776), Wealth of Nations, Book I, Chs. 1-3
• Hayek (1945), “The Use of Knowledge in Society”
• Bauer (2000), “From Subsistence to Exchange”
• TED Talk: Thomas Thwaites: How I Built a Toaster From Scratch"
• YouTube: How to Make a $1500 Sandwich in Only 6 Months"