Analytical Development Economics: The Less Developed Economy Revisited / Edition 1

Analytical Development Economics: The Less Developed Economy Revisited / Edition 1

by Kaushik Basu
     
 

ISBN-10: 0262523442

ISBN-13: 9780262523448

Pub. Date: 04/01/2003

Publisher: MIT Press

Virtually all industrialized nations have annual per capita incomes greater than $15,000; meanwhile, over three billion people, more than half the worlds population, live in countries with per capita incomes of less than $700.
Development economics studies the economies of such countries and the problems they face, including poverty, chronic underemployment,

…  See more details below

Overview

Virtually all industrialized nations have annual per capita incomes greater than $15,000; meanwhile, over three billion people, more than half the worlds population, live in countries with per capita incomes of less than $700.
Development economics studies the economies of such countries and the problems they face, including poverty, chronic underemployment, low wages, rampant inflation, and oppressive international debt. In the past two decades, the international debt crisis, the rise of endogenous growth theory, and the tremendous success of some
Asian economies have generated renewed interest in development economics, and the field has grown and changed dramatically.

Although
Analytical Development Economics deals with theoretical development economics, it is closely grounded in reality. The author draws on a wide range of evidence, including some gathered by himself in the village of Nawadih in the state of Bihar, India, where -- in huts and fields, and in front of the village tea stall -- he talked with landlords, tenants, moneylenders, and landless laborers.
The author presents theoretical results in such a way that those doing empirical work can go out and test the theories.

The book is a revision of
Basu's The Less Developed Economy: A Critique of Contemporary
Theory
(Blackwell, 1984). The new edition, which has several new chapters and sections, incorporates recent theoretical advances in its comprehensive,
up-to-date treatment of the subject. It is intended primarily as a textbook for a one-semester graduate course, but will also be of interest to researchers in economic development and to policymakers.

The MIT Press

Read More

Product Details

ISBN-13:
9780262523448
Publisher:
MIT Press
Publication date:
04/01/2003
Edition description:
New Edition
Pages:
386
Product dimensions:
6.00(w) x 9.00(h) x 0.80(d)
Age Range:
18 Years

Table of Contents

Preface
Preface to The Less Developed Economy, 1984
IPreliminaries1
1Introduction3
IIMacro Perspectives15
2The Vicious Circle of Poverty17
3Growth and Development43
4Inflation and Structural Disequilibrium65
5Foreign Exchange and Trade: Some Considerations83
6International Debt103
IIIThe Dual Economy149
7The Structure of a Dual Economy151
8Migration163
9The Rural-Urban Wage Gap183
10Unemployment and Surplus Labor197
IVThe Rural Economy223
11Stagnation in Backward Agriculture225
12Tenancy and Efficiency251
13Rural Credit Markets267
14Interlinkage in Rural Markets281
VConcluding Remarks317
15The Limits of Economic Analysis319
References331
Name Index355
Subject Index361

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >