Following the 2007–2009 financial and economic crises, there has been an unprecedented demand among economics students for an alternative approach, which offers a historical, institutional and multidisciplinary treatment of the discipline. Economic development lends itself ideally to meet this demand, yet most undergraduate textbooks do not reflect this. This book will fill this gap, presenting all the core material needed to teach development economics in a one semester course, while also addressing the need for a new economics and offering flexibility to instructors. Rather than taking the typical approach of organizing by topic, the book uses theories and debates to guide its structure. This will allow students to see different perspectives on key development questions, and therefore to understand more fully the contested nature of many key areas of development economics. The book can be used as a standalone textbook on development economics, or to accompany a more traditional text.
A dynamic revision of the most modern development economics textbook.
Debraj Ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future ...
This title represents the most forward thinking and comprehensive review of development economics currently available.
The main idea of the Lewis model is that as long as the marginal product of labor in agriculture is equal to or close to zero, it is possible to attract workers to the modern sectors at a low wage level. This makes it possible for ...
Other books are too big, too old, or too dry. This book is none of these.
Development Economics: Theory, Practice, and Prospects
Solutions for nine of the cases are provided in the text; solutions for the other eight are made available to instructors. Development Economics: A Policy Analysis Approach is ideal for undergraduate and introductory graduate courses.
While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate, the inflation rate and the profit rate).
This handbook organizes chapters by sets of policies that are important components of discussions about how to facilitate development.
Gerard Roland's new text, Development Economics, is the first undergraduate text to recognize the role of institutions in understanding development and growth.