We need to make development economics fun. We need to make development economics hip (I think it already is, but I am probably in a minority of one). We need to make development economics rock.
Here are a few suggestions in terms of some economic model-song pairings:
- George Akerlof's "Market for Lemons" (1970) model: "The lemon song," by Led Zeppelin.
- Rosenstein-Rodan's (1943) model of the Big Push: "When push comes to shove," by the Grateful Dead.
- Grossman and Helpman's "Quality ladders in the Theory of Growth" (1991) paper: "Stairway to heaven," by Led Zeppelin.
- The Harris-Todaro model of migration (1969, 1970): "Should I stay or should I go," by the Clash.
- Robert E. Lucas's (1988) model of the mechanics of economic development: "Ted the mechanic," by Deep Purple. "Bob the mechanic" would have been ideal... can anyone mention this to Ian Paice?
- The Logic of Collective Action (1965) by Mancur Olson: "The logical song," by Supertramp (saccharin, but classic nevertheless).
- Robert Barro's (1974) "Are Government Bonds Net Wealth?" paper: "Taxman," by the Beatles.
- The Paul Romer paper that started everything in terms of endogenous growth models was "Crazy Explanations for the Productivity Slowdown" (1987). How about "Let's go crazy," by Prince (yeah, yeah, I know it's funky, but give me a break).
- The Ted Miguel et al (2004) JPE paper that uses rainfall shocks to identify the impact of GDP growth on the likelihood of the outbreak of civil war: "The rain song," by Led Zeppelin (an alternative pairing would be "Fool in the rain," also by Led Zeppelin).