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.
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