The Theory and Experience of Economic Development
The Theory and Experience of Economic Development

Author: Mark Gersovitz

Publisher: Routledge

Published: 2012-08-06

Total Pages: 418

ISBN-13: 1136878157

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This volume, first published in 1982, is a collection of original essays written to honour Professor W. Arthur Lewis, 1979 co-winner of the Nobel Prize in economics. The authors, an international group of distinguished scholars, address a varied set of specific issues reflecting Professor Lewis’ research interests, covering topics which include: technological change in agriculture, analyses of unemployment and income distribution, the role of government policy in the development process, the historical record of development, and the relationship between developed and developing nations. The book will be of interest to both the academic researcher and practicing professionals in the international organisations and national governments, and are particularly appropriate to graduate courses in economic development, cost-benefit analysis and economic history.

Financial Development and Economic Growth
Financial Development and Economic Growth

Author: Niels Hermes

Publisher: Routledge

Published: 2013-04-15

Total Pages: 381

ISBN-13: 1135635447

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This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries. The book is divided into two parts: the first identifies and analyses the major theoretical issues using examples from developing countries to illustrate how these work in practice; the second part looks at the implications for financial policy in developing countries.

The Theory of Economic Development
The Theory of Economic Development

Author: Joseph A. Schumpeter

Publisher: Routledge

Published: 2021-05-16

Total Pages: 206

ISBN-13: 1000385892

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Joseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan. The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest. These are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change. The Theory of Economic Development remains a vital, magisterial account of economics and the nature of capitalism whose many insights remain highly relevant today. This Routledge Classics edition includes a new Introduction by Richard Swedberg.

The Experience Economy
The Experience Economy

Author: B. Joseph Pine

Publisher: Harvard Business Press

Published: 1999

Total Pages: 276

ISBN-13: 9780875848198

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This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.

Rethinking the Development Experience
Rethinking the Development Experience

Author: Donald A. Schon

Publisher: Brookings Institution Press

Published: 2011-07-01

Total Pages: 382

ISBN-13: 0815720599

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This book, written by a group of distinguished scholars and practitioners, critically reappraises ideas about learning and development advanced by Albert O. Hirschman in the 1950s and 1960s. The essays—prepared for an MIT faculty seminar—show how these innovative ideas bear on the theory, policy, and practice of development in the 1990s. Hirschman, one of the great pioneers in the field of economic development, is now professor emeritus at Princeton. Paul Krugman, Lance Taylor, and Donald Schon address the different approaches and assumptions of economic theorists in relation to modelling, learning, and development policy. Emma Rothschild, Lisa Peattie, and Bishwapryiya Sanyal examine some of the changing attitudes toward economic progress. Elliot Marseille, Judith Tendler, Sara Friedheim, Robert Picciotto, and Charles Sabel draw lessons from efforts to innovate or modify institutions, policies, programs, and projects. Lloyd Rodwin examines the underlying themes that emerge, particularly those that touch on the ideas of development as a process of social learning and on ways of strengthening theory, policy, and practice in economics when it is seen as both discipline and profession. In a postscript, Albert O. Hirschman reflects on the evolution of his ideas, his cognitive style, and his propensity for self-subversion. Two appendixes detail the candid seminar discussions and Hirschman's musings in response to particular chapters and questions raised by the participants.

Understanding Economic Growth
Understanding Economic Growth

Author: Jati Sengupta

Publisher: Springer Science & Business Media

Published: 2011-01-15

Total Pages: 123

ISBN-13: 1441980261

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Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital. The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures. Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth. This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency. It presents this new paradigm in terms of both theory and historical experiences. The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

Economics of Development
Economics of Development

Author: A.P. Thirlwall

Publisher: Bloomsbury Publishing

Published: 2017-09-16

Total Pages: 681

ISBN-13: 1350306134

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This classic, bestselling textbook provides a comprehensive introduction to the field of development economics. The 10th edition of Tony Thirlwall's book, now co-written with Penélope Pacheco-López, provides a clear, comprehensive and rigorous introduction to the theory of development economics and the experience of developing countries. Balancing a historic approach with current data and references, it provides a wide-ranging analysis of the subject. This all-inclusive methodology succeeds at representing different schools of thought with a balance of micro and macro topics. An ideal textbook for undergraduate students of economics and other social sciences, it is also suitable for upper undergraduate and master's level modules on development economics as an option on a non-economics degree. New to this Edition: - A brand new chapter on human capital:education, nutrition, health, and therole of women in development - New material on the Sustainable Development Goals, the measurementof poverty, and the multidimensional poverty index - Discussion of randomized control trials - The role of structural change in economic development - New IMF lending facilities