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Author: Kaushik Basu
Publisher: Oxford University Press
ISBN/UPC (if available): 0195648250
In the last few decades, interest in development economics has been revived by several factors, including the remarkable growth of some developing economies, the massive international debt build-up of others, new research findings regarding endogenous growth, and the emergence of the theory of agrarian organization.
What has also aided this revival is the awareness that, with the emergence of modern communications and the increased flow of goods, capital and even pollution, across nations, it is no longer possible to think of developing economies as distant entities of little consequence to the developed world. Analytical Development Economics deals with theoretical issues in this important area of research and policy-making.
The author draws on a wide range of evidence and anthropological insights, including his own field experience, to keep the theory grounded in reality. His use of simple algebra, supported with diagrammatic methods, makes the argument in the book widely accessible.
This book is a revision of his celebrated The Less Developed Economy: A Critique of Contemporary Theory: It incorporates recent theoretical advances in its comprehensive, up-to-date treatment of the subject.
It will be essential reading for students, researchers and teachers of economics, and for policy-makers.
‘An admirable combination of introductory helpfulness and state-of-the-art coverage. And fun to read!’
- Amartya Sen, Nobel Laureate for Economic, 1998
‘This book bears the marks of Basu’s customary lucidity of exposition and sharpness of analysis.’
- Pranab bardhan, University of California, Berkeley
‘…undoubtedly …one of the best textbooks on developments economics for several years to come. ’
- Business Standard
Preface to The Less Developed Economy, 1984
II. MACRO PERSPECTIVES
The Vicious Circle of poverty
Growth and Development
Inflation and Structural Disequilibrium
Foreign Exchange and Trade: Some
III. THE DUAL ECONOMY
The Structure of a Dual Economy
The Rural-Urban Wage Gap
Unemployment and Surplus Labor
IV. THE RURAL ECONOMY
Tenancy and Efficiency
Rural Credit Markets
Interlinkage in Rural Markets
V. CONCLUDING REMARKS
The limits of Economic Analysis