Development Economics: A New Paradigm
The author exposes the weaknesses of the free market theory but argues that development economics must itself evolve and take on new dimensions which are founded in rational analysis. Comprehensive in scope and lively in style, this book deals with various schools of thought and provides insightful comments on economic thinking relating to development issues.
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Foreword by Gamani Corea
Development Economists in the Emperors
The Ideas of Defunct Economists
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accepted according achieve action activities agricultural argument balanced basic behaviour capital central Chapter clearly competitive concept concerned decisions demand developing countries development economics development economists discipline distribution economic development economic growth effect efficiency emphasized empirical equality equity especially essential ethical example existence explicitly fact factors failure follows free markets function hand holdings human ideas important income increase individual industrial inequality instance institutions interests intervention investment issues justice labour Lewis liberty matter maximize means ment moral nature neo-classical noted optimal output Pareto-optimality person plans policy-makers political poor positive possible poverty preferences principle problem production profit question rational Rawlsian reason relative relevant respect result rich role rule savings sector shows social society South Korea strategy structural supply theory things thinking University utility wage wealth welfare