This book explores the history of economic development thought,
with an emphasis on alternative approaches in macro development
economics.
Given that the pioneers of development economics in the 1940s
and 1950s drew inspiration from classical political economists,
this book opens with a review of key classical scholars who wrote
about the progress of the wealth of nations. In reviewing the
thinking of the pioneers and those that followed, both their
theories of development and underdevelopment are discussed.
Overall, the book charts the evolution of development economic
thought from the early developmentalists and structuralists,
through to the neo-Marxist approach and radical development theory,
the neo-liberal counter revolution, and the debate between new
developmentalists and neo-liberal scholars. It ends with an
assessment of the state of the field today.
This book will be of interest to all scholars and students
interested in the evolution of development economics.
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