Essays in Development Economics: Wealth and poverty

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Essays in Development Economics collects many of Jagdish Bhagwati's writings that have established him as a major postwar developmental economist. The selection is diverse and highlights the close relationship and mutual reinforcement in Bhagwati's research between economic theory, empirical validation, and policy debate.

Volume I, Wealth and Poverty, addresses domestic or internal development problems. Its 22 essays are divided into five parts covering Development Theory and Strategy; Economic Structure: Regularities and Explanations; Class Structure, Poverty, and Redistrbution; Technology and Employment; and Eminent Economists: Sketches and Commentary.

Volume 2, Dependence and Interdependence, deals with international or external problems and its 20 essays are in four parts covering North-South Issues; Developmental Strategy: Import Substitution versus Export Promotion; Foreign Assistance; and International Migration and Investment.

Within each volume, the essays are topically grouped and preceded by brief introductions by the author discussing his current views of the nature of the contributions and the relationship among them. In several cases, previously unpublished papers or postscripts to previously published papers have been added to round out the sections.

Jagdish N. Bhagwati is Arthur Lehman Professor of Economics and Director of the International Economics Research Center at Columbia University. Essays in Development Economics, in conjunction with the two-volume work, Essays in International Economic Theory (edited by Robert C. Feenstra, MIT Press), constitute a comprehensive selection of Bhagwati's influential and important contributions to the theory and policy of development and of international trade. Gene M. Grossman is Assistant Professor of Economics and International Affairs, Princeton University.
 

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Contents

What Have We Learnt?
13
Splintering and Disembodiment of Services
92
a Statistical Analysis
135
with John Cheh
157
Education Class Structure and Income Equality
170
Dual Markets Rationing and Queues
205
TECHNOLOGY AND EMPLOYMENT
229
Reflections on Unemployment Models in Development
237
The Ranking of Policy Interventions under Factor Market
250
Existence of Surplus Labour or Disguised Unemployment
268
I
292
Gunnar Myrdal
306
Author Index
313
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About the author (1985)

Jagdish N. Bhagwati is University Professor of Economics, Law, and International Relations at Columbia University and former Adviser to the Director General of GATT, Arthur Dunkel. He is the author (with Arvind Panagariya) of Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries.

Jagdish N. Bhagwati is University Professor of Economics, Law, and International Relations at Columbia University and former Adviser to the Director General of GATT, Arthur Dunkel. He is the author (with Arvind Panagariya) of Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries.

Gene M. Grossman is Jacob Viner Professor of International Economics and Director of the International Economics Section at Princeton University.