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The Many Faces of Socioeconomic Change (Hardcover)
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The Many Faces of Socioeconomic Change (Hardcover)
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Development is not a purely economic phenomenon; it also has a
strong sociological element. The Many Faces of Socioeconomic Change
explores how economic socio-cultural and political aspects of human
progress have been studied since the time of Adam Smith. Surveying
narratives of how development occurs, from early evolutionary
models to recent types of development theory, it outlines the main
long-term changes in how socioeconomic development has been
envisaged through time. The Many Faces of Socioeconomic Change
presents the argument that socioeconomic development emerged with
the creation of grand evolutionary sequences of social progress
that were the products of Enlightenment and mid-Victorian thinkers.
By the middle of the twentieth century, when interest in
accelerating development gave the topic a new impetus its scope
narrowed to a set of economically based strategies. After 1960,
however, faith in such strategies began to wane, in the face of
indifferent results and a general faltering of confidence in
economists' boasts of scientific expertise. In the twenty first
century, development research is being pursued using research
methods that generate disconnected results. As a result, it seems
unlikely that any grand narrative will be created in the future and
that Neo-liberalism will be the last of this particular kind of
socioeconomic theory. With a broad scope of content and clear
exposition of academic thinking this book guides the reader through
the way in which the policy adopted as a consequence of modern
theories has been less effective because of the neglect or a
misunderstanding of the social context within which they operate.
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