The paper is part of a larger project aimed at revitalizing what Paul Krugman has called “high development theory.” It examines the roots of development economics, focusing on the seminal contributions of Europeans who emigrated to the UK and the United States in the 1930s. That body of theory became very influential in the 1950s and 1960s. It was virtually pushed out of economic theory and research by the new trends in economic analysis. The focus on market formation helps to shape a research agenda that, while “rethinking” development economics, can address the formidable challenges posed by the development of a heterogeneous periphery dominated by the new giants in Asia and Latin America.
Development Economics: A Theoretical and Historical Perspective
GUALERZI, DAVIDE
2012
Abstract
The paper is part of a larger project aimed at revitalizing what Paul Krugman has called “high development theory.” It examines the roots of development economics, focusing on the seminal contributions of Europeans who emigrated to the UK and the United States in the 1930s. That body of theory became very influential in the 1950s and 1960s. It was virtually pushed out of economic theory and research by the new trends in economic analysis. The focus on market formation helps to shape a research agenda that, while “rethinking” development economics, can address the formidable challenges posed by the development of a heterogeneous periphery dominated by the new giants in Asia and Latin America.Pubblicazioni consigliate
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