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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.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.
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 book showed how operationally meaningful theorems can be described with a small number of analogous methods, thus providing "a general theory of economic theories." It moved mathematics out of the appendices (as in John R. Hicks's Value and Capital ) and helped change how standard economic analysis across subjects could be done with the ...
The Poverty of "Development Economics" is a 1983 book by Deepak Lal. Adam Szirmai notes that this book "summarised and popularised much of the earlier criticisms on the dominant paradigm" in development economics and that it "was an influential publication which contributed to the enormous shift in thinking about development."
Between 1925 and 1929, Myrdal studied in Britain and Germany. He was a Rockefeller Fellow and visited the United States in 1929–1930. During this period, he published his first books, including The Political Element in the Development of Economic Theory in 1930.