A History of Development Economics Thought: Challenges and Counter-challenges

This book explores the history of economic development thought, with an emphasis on alternative approaches in macro development economics.

Given that the pioneers of development economics in the 1940s and 1950s drew inspiration from classical political economists, this book opens with a review of key classical scholars who wrote about the progress of the wealth of nations. In reviewing the thinking of the pioneers and those that followed, both their theories of development and underdevelopm...