The Theory and Experience of Economic Development Essays in Honour of Sir Arthur Lewis 1st Edition by Mark Gersovitz, Mark Rosenzweig, Gustav Ranis, Carlos Diaz Alejandro ISBN 978-0415593670 0415593670

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Product details: 

ISBN 10:  0415593670

ISBN 13: 978-0415593670

Author: Mark Gersovitz, Mark R. Rosenzweig, Gustav Ranis, Carlos F. Diaz-Alejandro

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.

Table of contents: 

Part I: The Dual Economy
On Arthur Lewis’ Contributions to Economics

W. Arthur Lewis: An Appreciation

Lewis and the Classicists

The Pattern of Shift of Labour Force from Agriculture, 1950–70

Food Price Inflation, Terms of Trade and Growth

Alternative Theories of Wage Determination and Unemployment: The Efficiency Wage Model

Agricultural Development, Education and Innovation

Uncertainty, Information and the Inflation Tax in Poor Countries

Part II: The Open Economy
Unequal Exchange in a Lewis-type World

Protection and Growth in a Dual Economy

Lessons of Experience under Fixed Exchange Rates

Currency Baskets and Real Effective Exchange Rates

Negotiating International Economic Order

Part III: Cost Benefit and Planning
General Equilibrium Theory, Project Evaluation and Economic Development

The Economics of Pollution Control

Planning and Dual Values of Linearized Non-linear Problems: A Gothic Tale

Part IV: Economic History and History of Thought
Economic Growth and Stagnation in the United Kingdom before the First World War

The Cyclical Pattern of Long-term Lending

Inter-Country Diffusion of Economic Growth, 1870–1914

Latin America in Depression, 1929–39

Indian Industrialisation Before 1945

The Rise and Decline of Development Economics

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