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The Political Economy of Development
This three-volume set collects key previously published articles in the field of development economics, covering alternative approaches and going beyond the boundaries of economics narrowly defined. Some of the included papers are classic contributions, some are authoritative survey articles and others are interesting new contributions. The collection covers such topics as: underdevelopment, growth and income distribution; resources in development; sectoral issues; open economy issues; and economic policies and institutions. The final section offers appraisals of the present state and future evolution of development economics.
More Information
Critical Acclaim
Contributors
Contents
More Information
This three-volume set collects key previously published articles in the field of development economics, covering alternative approaches and going beyond the boundaries of economics narrowly defined. Some of the included papers are classic contributions, some are authoritative survey articles and others are interesting new contributions. The collection covers such topics as: underdevelopment, growth and income distribution; resources in development; sectoral issues; open economy issues; and economic policies and institutions. The final section offers appraisals of the present state and future evolution of development economics.
Critical Acclaim
‘This collection of readings makes a great contribution to our appreciation of development economics. . .’
– Desmond McNeill, The European Journal of Development Research
– Desmond McNeill, The European Journal of Development Research
Contributors
76 articles, dating from from 1943 to 1999
Contributors include: P. Bardhan, T. Besley, G. Chichilnisky, P. Dasgupta, G. Feder, P. Krugman, N. Kaldor, G. Myrdal, H. Pack, A. Sen
Contributors include: P. Bardhan, T. Besley, G. Chichilnisky, P. Dasgupta, G. Feder, P. Krugman, N. Kaldor, G. Myrdal, H. Pack, A. Sen
Contents
Contents:
Volume I
Acknowledgements
Introduction Amitava Krishna Dutt
PART I INTRODUCTION
A Empirics of Development
1. Hollis B. Chenery and Lance Taylor (1968), ‘Development Patterns: Among Countries and Over Time’
2. Jonathan Temple (1999), ‘The New Growth Evidence’
3. Charles I. Jones (1997), ‘On the Evolution of the World Income Distribution’
B Development in Historical Perspective
4. Andre Gunder Frank (1966), ‘The Development of Underdevelopment’
5. Alexander Gerschenkron (1952/1962), ‘Economic Backwardness in Historical Perspective’
6. W.W. Rostow (1956), ‘The Take-Off Into Self-Sustained Growth’
PART II UNDERDEVELOPMENT AND DEVELOPMENT
A Low-Level Traps and the Big Push
7. P.N. Rosenstein-Rodan (1943), ‘Problems of Industrialisation of Eastern and South-Eastern Europe’
8. Ragnar Nurkse (1952/1955), ‘The Size of the Market and the Inducement to Invest’ and ‘Population and Capital Supply’
9. Tibor Scitovsky (1954), ‘Two Concepts of External Economies’
10. Albert O. Hirschman (1958/1988), ‘Balanced Growth: A Critique’ and ‘Unbalanced Growth: An Espousal’
11. Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny (1989), ‘Industrialization and the Big Push’
B Theories of Growth
12. W. Arthur Lewis (1972), ‘Reflections on Unlimited Labor’
13. Michal Kalecki (1963/1993), ‘Problems of Financing Economic Development in a Mixed Economy’
14. P.C. Mahalanobis (1953), ‘Some Observations on the Process of Growth of National Income’
15. Stephen A. Marglin (1984), ‘Growth, Distribution, and Inflation: A Centennial Synthesis’
16. Amitava Krishna Dutt (1984), ‘Stagnation, Income Distribution and Monopoly Power’
17. Howard Pack (1994), ‘Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings’
18. Ronald I. McKinnon (1964), ‘Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation’
19. Jaime Ros (1994), ‘Foreign Exchange and Fiscal Constraints on Growth: A Reconsideration of Structuralist and Macroeconomic Approaches’
C Poverty, Inequality and Development
20. Montek S. Ahluwalia (1976), ‘Inequality, Poverty, and Development’
21. Frances Stewart and Paul Streeten (1976), ‘New Strategies for Development: Poverty, Income Distribution and Growth’
22. Amartya Sen (1981), ‘Ingredients of Famine Analysis: Availability and Entitlements’
23. Partha Dasgupta and Debraj Ray (1986), ‘Inequality as a Determinant of Malnutrition and Unemployment: Theory’
24. Abhijit V. Banerjee and Andrew F. Newman (1994), ‘Poverty, Incentives and Development’
Name Index
Volume II:
Acknowledgements
An introduction by the editor to all three volumes appears in volume I
PART I RESOURCES IN DEVELOPMENT
A Labor and Human Resources
1. Partha Dasgupta (1995), ‘The Population Problem: Theory and Evidence’
2. Nancy Birdsall, David Ross and Richard Sabot (1997), ‘Education, Growth and Inequality’
3. Jagdish Bhagwati (1973), ‘Education, Class Structure and Income Equality’
4. John R. Harris and Michael P. Todaro (1970), ‘Migration, Unemployment and Development: A Two-Sector Analysis’
5. Diane Elson (1995), ‘Male Bias in Macro-Economics: The Case of Structural Adjustment’
6. Kaushik Basu and Pham Hoang Van (1998), ‘The Economics of Child Labor’
B Capital Accumulation
7. Klaus Schmidt-Hebbel, Luis Servén and Andrés Solimano (1996), ‘Saving, Investment, and Growth in Developing Countries: An Overview’
8. John G. Gurley and E.S. Shaw (1967), ‘Financial Structure and Economic Development’
9. Sweder van Wijnbergen (1983), ‘Credit Policy, Inflation and Growth in a Financially Repressed Economy’
10. Timothy Besley (1995), ‘Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries’
11. Carlos Diaz-Alejandro (1985), ‘Good-Bye Financial Repression, Hello Financial Crash’
C The Environment
12. Thomas Reardon and Stephen A. Vosti (1995), ‘Links Between Rural Poverty and the Environment in Developing Countries: Asset Categories and Investment Poverty’
13. Irma Adelman, Habib Fetini and Elise Hardy Golan (1997), ‘Development Strategies and the Environment’
PART II SECTORAL ISSUES IN DEVELOPMENT
A Agriculture
14. Amartya K. Sen (1966), ‘Peasants and Dualism With or Without Surplus Labor’
15. P.K. Bardhan and T.N. Srinivasan (1971), ‘Cropsharing Tenancy in Agriculture: A Theoretical and Empirical Analysis’
16. Amit Bhaduri (1973), ‘A Study in Agricultural Backwardness Under Semi-Feudalism’
17. J. Mohan Rao (1986), ‘Agriculture in Recent Development Theory’
18. Joseph E. Stiglitz (1986), ‘The New Development Economics’
19. Alain de Janvry and Elisabeth Sadoulet (1989), ‘A Study in Resistance to Institutional Change: The Lost Game of Latin American Land Reform’
B Industry
20. Nicholas Kaldor (1966/1989), ‘Causes of the Slow Rate of Economic Growth in the United Kingdom’
21. Harvey Leibenstein (1977), ‘X-Efficiency Theory, Conventional Entrepreneurship, and Excess Capacity Creation in LDCs’
22. Frances Stewart (1974), ‘Technology and Employment in LDCs’
23. Martin Bell and Keith Pavitt (1993), ‘Accumulating Technological Capability in Developing Countries’
24. Dipak Mazumdar (1976), ‘The Urban Informal Sector’
Name Index
Volume III:
Acknowledgements
An introduction by the editor to all three volumes appears in volume I
PART I OPEN ECONOMY ISSUES IN DEVELOPMENT
A Trade
1. Raúl Prebisch (1959), ‘Commercial Policy in the Underdeveloped Countries’
2. Graciela Chichilnisky (1981), ‘Terms of Trade and Domestic Distribution: Export-Led Growth with Abundant Labour’
3. Anne O. Krueger (1980), ‘Trade Policy as an Input to Development’
4. Gershon Feder (1982), ‘On Exports and Economic Growth’
5. Sebastian Edwards (1993), ‘Openness, Trade Liberalization, and Growth in Developing Countries’
B International Factor Movements
6. Sanjaya Lall (1978), ‘Transnationals, Domestic Enterprises, and Industrial Structure in Host LDCs: A Survey’
7. Thomas E. Weisskopf (1972), ‘The Impact of Foreign Capital Inflow on Domestic Savings in Underdeveloped Countries’
8. Jagdish N. Bhagwati (1979), ‘International Factor Movements and National Advantage’
C North-South Issues
9. H.W. Singer (1950), ‘The Distribution of Gains between Investing and Borrowing Countries’
10. Gunnar Myrdal (1957), ‘The Drift towards Regional Economic Inequalities in a Country’ and ‘ International Inequalities’
11. Theotonio Dos Santos (1970), ‘The Structure of Dependence’
12. Ronald Findlay (1980), ‘The Terms of Trade and Equilibrium Growth in the World Economy’
13. Paul Krugman (1981), ‘Trade, Accumulation, and Uneven Development’
14. John Spraos (1980), ‘The Statistical Debate on the Net Barter Terms of Trade Between Primary Commodities and Manufactures’
PART II ECONOMIC POLICIES AND INSTITUTIONS
A Inflation and Stabilization
15. Osvaldo Sunkel (1960), ‘Inflation in Chile: An Unorthodox Approach’
16. Dudley Seers (1962), ‘A Theory of Inflation and Growth in Under-Developed Economies Based on the Experience of Latin America’
17. Lance Taylor (1987), ‘Macro Policy in the Tropics: How Sensible People Stand’
B The State, Markets and Development
18. Tony Killick (1976), ‘The Possibilities of Development Planning’
19. Helen Shapiro and Lance Taylor (1990), ‘The State and Industrial Strategy’
20. Alice H. Amsden (1991), ‘Diffusion of Development: The Late-Industrializing Model and Greater East Asia’
21. Michael Lipton (1993), ‘Urban Bias: Of Consequences, Classes and Causality’
22. Peter B. Evans (1989), ‘Predatory, Developmental, and Other Apparatuses: A Comparative Political Economy Perspective on the Third World State’
23. Avner Greif (1997), ‘Contracting, Enforcement, and Efficiency: Economics Beyond the Law’
24. Pranab Bardhan (1997), ‘Corruption and Development: A Review of Issues’
PART III CONCLUSION
25. Albert O. Hirschman (1981), ‘The Rise and Decline of Development Economics’
26. Amartya Sen (1983), ‘Development: Which Way Now?’
27. Pranab Bardhan (1993), ‘Economics of Development and the Development of Economics’
Name Index
Volume I
Acknowledgements
Introduction Amitava Krishna Dutt
PART I INTRODUCTION
A Empirics of Development
1. Hollis B. Chenery and Lance Taylor (1968), ‘Development Patterns: Among Countries and Over Time’
2. Jonathan Temple (1999), ‘The New Growth Evidence’
3. Charles I. Jones (1997), ‘On the Evolution of the World Income Distribution’
B Development in Historical Perspective
4. Andre Gunder Frank (1966), ‘The Development of Underdevelopment’
5. Alexander Gerschenkron (1952/1962), ‘Economic Backwardness in Historical Perspective’
6. W.W. Rostow (1956), ‘The Take-Off Into Self-Sustained Growth’
PART II UNDERDEVELOPMENT AND DEVELOPMENT
A Low-Level Traps and the Big Push
7. P.N. Rosenstein-Rodan (1943), ‘Problems of Industrialisation of Eastern and South-Eastern Europe’
8. Ragnar Nurkse (1952/1955), ‘The Size of the Market and the Inducement to Invest’ and ‘Population and Capital Supply’
9. Tibor Scitovsky (1954), ‘Two Concepts of External Economies’
10. Albert O. Hirschman (1958/1988), ‘Balanced Growth: A Critique’ and ‘Unbalanced Growth: An Espousal’
11. Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny (1989), ‘Industrialization and the Big Push’
B Theories of Growth
12. W. Arthur Lewis (1972), ‘Reflections on Unlimited Labor’
13. Michal Kalecki (1963/1993), ‘Problems of Financing Economic Development in a Mixed Economy’
14. P.C. Mahalanobis (1953), ‘Some Observations on the Process of Growth of National Income’
15. Stephen A. Marglin (1984), ‘Growth, Distribution, and Inflation: A Centennial Synthesis’
16. Amitava Krishna Dutt (1984), ‘Stagnation, Income Distribution and Monopoly Power’
17. Howard Pack (1994), ‘Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings’
18. Ronald I. McKinnon (1964), ‘Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation’
19. Jaime Ros (1994), ‘Foreign Exchange and Fiscal Constraints on Growth: A Reconsideration of Structuralist and Macroeconomic Approaches’
C Poverty, Inequality and Development
20. Montek S. Ahluwalia (1976), ‘Inequality, Poverty, and Development’
21. Frances Stewart and Paul Streeten (1976), ‘New Strategies for Development: Poverty, Income Distribution and Growth’
22. Amartya Sen (1981), ‘Ingredients of Famine Analysis: Availability and Entitlements’
23. Partha Dasgupta and Debraj Ray (1986), ‘Inequality as a Determinant of Malnutrition and Unemployment: Theory’
24. Abhijit V. Banerjee and Andrew F. Newman (1994), ‘Poverty, Incentives and Development’
Name Index
Volume II:
Acknowledgements
An introduction by the editor to all three volumes appears in volume I
PART I RESOURCES IN DEVELOPMENT
A Labor and Human Resources
1. Partha Dasgupta (1995), ‘The Population Problem: Theory and Evidence’
2. Nancy Birdsall, David Ross and Richard Sabot (1997), ‘Education, Growth and Inequality’
3. Jagdish Bhagwati (1973), ‘Education, Class Structure and Income Equality’
4. John R. Harris and Michael P. Todaro (1970), ‘Migration, Unemployment and Development: A Two-Sector Analysis’
5. Diane Elson (1995), ‘Male Bias in Macro-Economics: The Case of Structural Adjustment’
6. Kaushik Basu and Pham Hoang Van (1998), ‘The Economics of Child Labor’
B Capital Accumulation
7. Klaus Schmidt-Hebbel, Luis Servén and Andrés Solimano (1996), ‘Saving, Investment, and Growth in Developing Countries: An Overview’
8. John G. Gurley and E.S. Shaw (1967), ‘Financial Structure and Economic Development’
9. Sweder van Wijnbergen (1983), ‘Credit Policy, Inflation and Growth in a Financially Repressed Economy’
10. Timothy Besley (1995), ‘Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries’
11. Carlos Diaz-Alejandro (1985), ‘Good-Bye Financial Repression, Hello Financial Crash’
C The Environment
12. Thomas Reardon and Stephen A. Vosti (1995), ‘Links Between Rural Poverty and the Environment in Developing Countries: Asset Categories and Investment Poverty’
13. Irma Adelman, Habib Fetini and Elise Hardy Golan (1997), ‘Development Strategies and the Environment’
PART II SECTORAL ISSUES IN DEVELOPMENT
A Agriculture
14. Amartya K. Sen (1966), ‘Peasants and Dualism With or Without Surplus Labor’
15. P.K. Bardhan and T.N. Srinivasan (1971), ‘Cropsharing Tenancy in Agriculture: A Theoretical and Empirical Analysis’
16. Amit Bhaduri (1973), ‘A Study in Agricultural Backwardness Under Semi-Feudalism’
17. J. Mohan Rao (1986), ‘Agriculture in Recent Development Theory’
18. Joseph E. Stiglitz (1986), ‘The New Development Economics’
19. Alain de Janvry and Elisabeth Sadoulet (1989), ‘A Study in Resistance to Institutional Change: The Lost Game of Latin American Land Reform’
B Industry
20. Nicholas Kaldor (1966/1989), ‘Causes of the Slow Rate of Economic Growth in the United Kingdom’
21. Harvey Leibenstein (1977), ‘X-Efficiency Theory, Conventional Entrepreneurship, and Excess Capacity Creation in LDCs’
22. Frances Stewart (1974), ‘Technology and Employment in LDCs’
23. Martin Bell and Keith Pavitt (1993), ‘Accumulating Technological Capability in Developing Countries’
24. Dipak Mazumdar (1976), ‘The Urban Informal Sector’
Name Index
Volume III:
Acknowledgements
An introduction by the editor to all three volumes appears in volume I
PART I OPEN ECONOMY ISSUES IN DEVELOPMENT
A Trade
1. Raúl Prebisch (1959), ‘Commercial Policy in the Underdeveloped Countries’
2. Graciela Chichilnisky (1981), ‘Terms of Trade and Domestic Distribution: Export-Led Growth with Abundant Labour’
3. Anne O. Krueger (1980), ‘Trade Policy as an Input to Development’
4. Gershon Feder (1982), ‘On Exports and Economic Growth’
5. Sebastian Edwards (1993), ‘Openness, Trade Liberalization, and Growth in Developing Countries’
B International Factor Movements
6. Sanjaya Lall (1978), ‘Transnationals, Domestic Enterprises, and Industrial Structure in Host LDCs: A Survey’
7. Thomas E. Weisskopf (1972), ‘The Impact of Foreign Capital Inflow on Domestic Savings in Underdeveloped Countries’
8. Jagdish N. Bhagwati (1979), ‘International Factor Movements and National Advantage’
C North-South Issues
9. H.W. Singer (1950), ‘The Distribution of Gains between Investing and Borrowing Countries’
10. Gunnar Myrdal (1957), ‘The Drift towards Regional Economic Inequalities in a Country’ and ‘ International Inequalities’
11. Theotonio Dos Santos (1970), ‘The Structure of Dependence’
12. Ronald Findlay (1980), ‘The Terms of Trade and Equilibrium Growth in the World Economy’
13. Paul Krugman (1981), ‘Trade, Accumulation, and Uneven Development’
14. John Spraos (1980), ‘The Statistical Debate on the Net Barter Terms of Trade Between Primary Commodities and Manufactures’
PART II ECONOMIC POLICIES AND INSTITUTIONS
A Inflation and Stabilization
15. Osvaldo Sunkel (1960), ‘Inflation in Chile: An Unorthodox Approach’
16. Dudley Seers (1962), ‘A Theory of Inflation and Growth in Under-Developed Economies Based on the Experience of Latin America’
17. Lance Taylor (1987), ‘Macro Policy in the Tropics: How Sensible People Stand’
B The State, Markets and Development
18. Tony Killick (1976), ‘The Possibilities of Development Planning’
19. Helen Shapiro and Lance Taylor (1990), ‘The State and Industrial Strategy’
20. Alice H. Amsden (1991), ‘Diffusion of Development: The Late-Industrializing Model and Greater East Asia’
21. Michael Lipton (1993), ‘Urban Bias: Of Consequences, Classes and Causality’
22. Peter B. Evans (1989), ‘Predatory, Developmental, and Other Apparatuses: A Comparative Political Economy Perspective on the Third World State’
23. Avner Greif (1997), ‘Contracting, Enforcement, and Efficiency: Economics Beyond the Law’
24. Pranab Bardhan (1997), ‘Corruption and Development: A Review of Issues’
PART III CONCLUSION
25. Albert O. Hirschman (1981), ‘The Rise and Decline of Development Economics’
26. Amartya Sen (1983), ‘Development: Which Way Now?’
27. Pranab Bardhan (1993), ‘Economics of Development and the Development of Economics’
Name Index
