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The Strategy of Economic Development is a 1958 book on economic development by Albert O. Hirschman.Hirschman critiques the theories of balanced growth put forward by Ragnar Nurkse and Paul Rosenstein-Rodan, which call for simultaneous, large-scale increases in investment across multiple sectors to spur economic growth.
Description: First modern development economics textbook Importance: Introduction Development microeconomics (1999) Pranab Bardhan and Christopher Udry, Oxford; Description: Widely used textbook. Importance: Introduction Development macroeconomics – Pierre-Richard Agénor and Peter J. Montiel. Description: Widely used textbook. Importance ...
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
The economic side of Sen's work can best be categorized under welfare economics, which evaluates the effects of economic policies on the well-being of peoples. Sen wrote the influential book Development as Freedom which added an important ethical side to development economics. [17]
Economies that cease to transform themselves are destined to fall off the path of economic growth. The countries that most deserve the title of "developing" are not the poorest countries of the world, but the richest. [They] need to engage in the never-ending process of economic development if they are to enjoy continued prosperity. [5]
The front page quotes the motto of J. Willard Gibbs: "Mathematics is a language."The book begins with this statement: The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features.
Michael Paul Todaro (born May 14, 1942) is an American economist and a pioneer in the field of development economics.. Todaro earned a PhD in economics from Yale University in 1968 for a thesis titled The Urban Employment Problem in Less Developed Countries – An Analysis of Demand and Supply. [1]
The theory of economic development: an inquiry into profits, capital, credit, interest, and the business cycle. New Brunswick, New Jersey: Transaction Books. ISBN 978-0878556984. Translated from the 1911 original German, Theorie der wirtschaftlichen Entwicklung. Schumpeter, Joseph A. (1954). Economic doctrine and method: an historical sketch ...