Development Economics

Historical Theories of Development.

The Classic Theory.

Keynesian Growth Models.

The Neoclassical Model.

The New Growth Economics.

Conclusion.

Notes.

2. A Unifying Theme.

Rationality: Individual Choice.

Rationality: Household Choice.

Extensions of Rationality: A Sociology of Choice.

Limitations of Rationality.

The Development Process.

Conclusion.

Notes.

3. The Traditional Sector and Development.

The Traditional Sector.

Market Integration and Transaction Costs.

Development by Displacement.

Traditional Sector Development.

Historical Illustrations.

Land Tenancy.

Technological Change.

Traditional Sector: Manufacturing.

Distorted Development.

Conclusion.

Notes.

4. Fertility and Population.

Malthus and Malthusianism.

Transition Theory.

Endogenous Population Growth Models (Neo-Malthusian).

Economic Theories.

Proximate Determinants Approaches.

Morality.

Conclusion.

Appendix.

Notes.

5. Labor.

Unemployment.

Migration.

Efficiency Wage Models.

Appropriate Technique and Appropriate Technology.

Education.

Conclusion.

Notes.

6. Public Economics.

Welfare Economics and Consumer Surplus.

Shadow Prices: Valuing Outputs and Inputs.

Cost-Benefit Analysis.

Public Revenues.

Conclusion.

Notes.

7. International Trade.

Traditional Perspective.

Protectionist Arguments.

Results of Import Substitution.

Conclusion.

Notes.

8. The State.

Concerning Market Imperfections.

Protecting Ruling Coalitions.

Fostering Development and Institutional Change.

Conclusion.

Notes.

Index.