The Origins of Development Economics
How Schools of Economic Thought Have Addressed Development
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Origins of Development Economics by Kwame Sundaram Jomo
Book DescriptionHistorically much economic thought, especially until the 1960s, has been pre-occupied with the central concerns of development economics. It is thus contemporary mainstream economics - dominated by those with a touching faith in the virtues and infallibility of the market - that emerges as almost exceptional when viewed in longer term historical perspective. Although economics has gone through many changes over the centuries, the original developmental concerns of economists have persisted until relatively recently, ironically only diminishing as development economics emerged as a sub-discipline in the post-war period. This book reviews the history of economic thought to highlight these enduring developmental concerns in earlier economic discourses. This survey also shows that various schools of economic thought over the years have pointed to the role of the state in leading and coordinating economic transformation and progress. In the second half of the 20th century, often static, abstract and formal approaches displaced historically informed and institutionally nuanced discourses. Thus the narrow approaches of contemporary economics have marginalized greater appreciation of history and the other social sciences. After two introductory chapters by Erik Reinert and Tamas Szentes, Erik and Sophus Reinert offer three fascinating surveys of mercantilism, the Italian tradition associated with its city states, as well as the later German economic tradition. Mushtaq Khan then surveys the historical debate over capitalist transformation. Jaime Ros reviews the impact of modern growth theory on pioneering development economists, while Amitava Dutt considers the role of international trade in early development economics. Finally, Alfredo Saad Filho assesses Latin American structuralism and dependency theory.
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Book DetailsISBN: 9781842776476
(239mm x 161mm x 11mm)
Imprint: Zed Books Ltd
Publisher: Zed Books Ltd
Publish Date: 1-Sep-2005
Country of Publication: United Kingdom
Books By Author Kwame Sundaram Jomo
Flat World, Big Gaps, Paperback (March 2007)
Offers a contribution to the attempt to move Development Economics beyond the dominant neo-liberal paradigm. This book brings together case-studies on every continent, from North America to Africa, by experts in their respective fields. It is suitable as a diverse resource for students and academics.
Policy Matters, Paperback (March 2007)
Brings together the research on the MDGs' progress and reveals their major flaws. This book proposes long-term investment alternatives for education, health, and infrastructure. It reveals disparate problems faced by the UN in developing a coherent Development Agenda.
Manufacturing Competitiveness in Asia, Paperback (June 2006)
Studies industries and firms in East Asia and examines the major determinants of their economic performance. With contributions from such leading thinkers as Ha-Joon Chang and Rajah Rasiah, the book covers themes ranging from industrial policy and East Asia to the role of the government in technological capability building.
Rents, Rent-Seeking and Economic Development, Paperback (September 2000)» View all books by Kwame Sundaram Jomo
A critique of economic conventional wisdom about rent-seeking, corruption and the development process.
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Author Biography - Kwame Sundaram Jomo
Jomo K.S. is director of economic development at the Department of Social and Economic Affairs (DESA), United Nations.
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