By Shahrukh Rafi Khan
This publication explores the background of monetary improvement suggestion, with an emphasis on substitute techniques in macro improvement economics.
Given that the pioneers of improvement economics within the Forties and Nineteen Fifties drew concept from classical political economists, this publication opens with a evaluation of key classical students who wrote concerning the development of the wealth of countries. In reviewing the contemplating the pioneers and people who undefined, either their theories of improvement and underdevelopment are mentioned. total, the e-book charts the evolution of improvement fiscal inspiration from the early developmentalists and structuralists, via to the neo-Marxist strategy and radical improvement idea, the neo-liberal counter revolution, and the controversy among new developmentalists and neo-liberal students. It ends with an overview of the nation of the sphere this present day.
This e-book may be of curiosity to all students and scholars attracted to the evolution of improvement economics.
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Extra info for A History of Development Economics Thought: Challenges and Counter-challenges
John Stuart Mill had a unique take on the growth process. ” The right institutions, namely those that promoted security, science, and technology, were critical. He conceded that most political economists preferred economic growth (progressive state of society) to the stationary state, but that there were reasons to be careful about what one wished for. The progressive state inevitably promoted a rat-race and he suggested that most advanced countries had already attained adequate prosperity and should be focusing instead on redistributing wealth to ensure the welfare of the poor.
New Delhi/London: Tulika Books/Zed Books. , and Wagner, R. 2008. ” Center for International Development Working Paper No. 177, Harvard University. , and Velasco, A. 2008. ” In: N. Serra and J. E. , The Washington Consensus reconsidered: Towards a New Global Governance. New York: Oxford University Press. Hobson, J. A. 1938. Imperialism: A Study. London: George Allen & Unwin, Ltd. Hodgskin, T. 1966. Popular Political Economy. New York: Augustus M. Kelly Publishers. Lenin, V. 1947. ” In: The Essentials of Lenin, Vol.
London: J. M. Dent & Sons, Everyman’s Library Edition. Sen, A. K. 1982. Poverty and Famines: An Essay on Entitlements and Deprivation. Oxford: Clarendon Press. Smith, A. 1908. An Inquiry into the Nature and Causes of the Wealth of Nations. London: George Routledge & Sons, Ltd. Sutcliffe, B. 2008. ” In: A. K. Dutt and J. , International Handbook of Development Economics. London: Edward Elgar. 1 Structuralism and developmentalism are often used interchangeably. Here, we view structuralism to represents a theory of underdevelopment (see Chapter 4) and developmentalism a positive agenda for development.
A History of Development Economics Thought: Challenges and Counter-challenges by Shahrukh Rafi Khan
Categories: Economic History