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The authors of a recent textbook on the Economics of Development
(P. A. Yotopoulos and J . B. Nugent, 1976) chose as the title of
their first chapter 'The Record of Economic Development and
Disillusionment with Development Economics'. It is striking that
dissatisfaction with this young branch of the tree of economics has
become so strong that a textbook treatment of the subject matter
takes Disillusionment as its point of departure. True, the
Disillusion ment chapter is followed by many other chapters - there
is, after all, some thing to be said on development economics that
is worth saying - but the wording has changed, and frequently the
focus as well, in comparison to the development economics of the
1950s and 'sixties. Dissatisfaction and disillusionment may be
interpreted optimistically as an inevitable stage in the
coming-of-age process of development economics. Others may say that
the search for a new paradigm is the core of the problem. At any
rate, there is no room for complacency. It cannot be denied that at
least part of the 'early' development theory came into being as a
justification ex post of policy measures that, for a variety of
reasons, were judged desirable or essen tial."
The authors of a recent textbook on the Economics of Development
(P. A. Yotopoulos and J . B. Nugent, 1976) chose as the title of
their first chapter 'The Record of Economic Development and
Disillusionment with Development Economics'. It is striking that
dissatisfaction with this young branch of the tree of economics has
become so strong that a textbook treatment of the subject matter
takes Disillusionment as its point of departure. True, the
Disillusion ment chapter is followed by many other chapters - there
is, after all, some thing to be said on development economics that
is worth saying - but the wording has changed, and frequently the
focus as well, in comparison to the development economics of the
1950s and 'sixties. Dissatisfaction and disillusionment may be
interpreted optimistically as an inevitable stage in the
coming-of-age process of development economics. Others may say that
the search for a new paradigm is the core of the problem. At any
rate, there is no room for complacency. It cannot be denied that at
least part of the 'early' development theory came into being as a
justification ex post of policy measures that, for a variety of
reasons, were judged desirable or essen tial."
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