Episode 8: Theories of Development

from The Fabric of Industry Podcast · host Adam Grange

In this episode, I expand greatly on the theories of development I started to explain in episode 5. Here we will discuss modern endogenous growth theory and perfectly competitive markets. The meat of the episode sees us exploring various explanations for growth outcomes and some underlying theories involved, including culture, geography, dependency, democracy, education, and landing at institutions for the final one. I then demonstrate how our previous episodes can be linked together.

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This episode is 51 minutes long.

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This episode was published on October 24, 2025.

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