In this title, first published in 1978, Sir Arthur Lewis considers the development of the international economy in the forty years leading up to the First World War, with the adoption of the gold standard, a rapid growth in world trade, the opening up of the continents by the railways, vast emigration from Europe, India and China, and large-scale international investment.

The book contrasts the relationship between prices, industrial fluctuations, agricultural output, and the stock of monetary gold, considering both the varying patterns of leading economies and then their net combined effect on the rest of the world. This is history which illuminates the contemporary economic climate in which it was written but also casts light upon our current economic crisis.

a landmark in the contemporary approach to economics"The Observer "it is as good a book as its most obvious predecessors in the genre: Smith's Wealth of Nations and Marshall's Industry and the Trade"Times Educational Supplement Setting out the problems to be solved if mankind is to be freed from poverty, Theory of Economic Growth embraces the disciplines of economics, history, sociology, politics and anthropology in its coverage. Focussing on output and growth (rather than distribution and consumption) the book discusses economic institutions, knowledge, capital, population, resources and government, and their role in the growth of output per head of population.

Discussing the problems arising from a mixed economy, "Principles of Economic Planning" argues for a system of controls that combine and encourage the best features of laissez faire and state planning. Chapters covering the following are included: money; investment; foreign trade; mobility; the social control of business; and nationalization. Appendices on economic union and planning in developing countries are also included.

'A masterpiece of succinct analysis.'New Statesman 'Penetrating in analysis and closely packed in thought.'Financial Times Analysing and examining the history of the economic events of the inter-war years, this book gives the reader both a sense of perspective of the larger scene of events on an international scale, whilst introducing facts and theories. National policies of the UK, France, Germany, the USA, Japan and the former Soviet Union are discussed as are developments in international trade.

Professor Lewis is to be congratulated upon being among the first economists to tackle the tricky subject of controlling the nationalised industries."Financial Times This book analyses some of the difficulties of costing and price formation that arise out of the existence of overhead costs in nationalised industry. Issues such as the law relating to monopoly and the accountability of public enterprise are considered, along with complex questions such as price formation and the problem of policy in public corporations.

a landmark in the contemporary approach to economics"The Observer "it is as good a book as its most obvious predecessors in the genre: Smith's Wealth of Nations and Marshall's Industry and the Trade"Times Educational Supplement Setting out the problems to be solved if mankind is to be freed from poverty, Theory of Economic Growth embraces the disciplines of economics, history, sociology, politics and anthropology in its coverage. Focussing on output and growth (rather than distribution and consumption) the book discusses economic institutions, knowledge, capital, population, resources and government, and their role in the growth of output per head of population.

'A masterpiece of succinct analysis.'New Statesman 'Penetrating in analysis and closely packed in thought.'Financial Times Analysing and examining the history of the economic events of the inter-war years, this book gives the reader both a sense of perspective of the larger scene of events on an international scale, whilst introducing facts and theories. National policies of the UK, France, Germany, the USA, Japan and the former Soviet Union are discussed as are developments in international trade.

Professor Lewis is to be congratulated upon being among the first economists to tackle the tricky subject of controlling the nationalised industries."Financial Times This book analyses some of the difficulties of costing and price formation that arise out of the existence of overhead costs in nationalised industry. Issues such as the law relating to monopoly and the accountability of public enterprise are considered, along with complex questions such as price formation and the problem of policy in public corporations.

In this title, first published in 1978, Sir Arthur Lewis considers the development of the international economy in the forty years leading up to the First World War, with the adoption of the gold standard, a rapid growth in world trade, the opening up of the continents by the railways, vast emigration from Europe, India and China, and large-scale international investment. The book contrasts the relationship between prices, industrial fluctuations, agricultural output, and the stock of monetary gold, considering both the varying patterns of leading economies and then their net combined effect on the rest of the world. This is history which illuminates the contemporary economic climate in which it was written but also casts light upon our current economic crisis.

Developing countries' economists and civil servants will find no other handbook on their job so readable and succinct"The Economist "probably the most useful book which has ever been written to show how a plan is made and what the policy requirements are for its implementation"International Affairs Many books have been published on the theory of economic development, but very little has appeared on how a Development Plan is made, what the chief snags are and what distinguishes good planning from bad. The emphasis throughout the book is on policy, although the basic techniques for making a Plan are illustrated. Much information is tabulated for ease of reading.

Discussing the problems arising from a mixed economy, Principles of Economic Planning argues for a system of controls that combine and encourage the best features of laissez faire and state planning.
Chapters covering the following are included:
* Money
* Investment
* Foreign Trade
* Mobility
* The Social Control of Business
* Nationalization
Appendices on economic union and planning in developing countries are also included.

Do rich industrial nations underestimate the threat to their economic stability posed by demands for a new international economic order? Are the developing countries wrong to assume that their economic advancement depends on a transfer of wealth from the richer nations? Sir W. Arthur Lewis's provocative analysis of the present economic order and its origins suggests that the answer to both questions is yes. Professor Lewis perceptively illuminates aspects of recent economic history that have often been overlooked by observers of international affairs. He asks first how the world came to be divided into countries exporting manufactures and countries exporting primary commodities. High agricultural productivity and a good investment climate allowed countries in Northwest Europe to industrialize rapidly, while the favorable terms of trade they enjoyed assured them and the temperate lands to which Europeans migrated of continuing dominance over the tropical countries. At the core of the author's argument lies the contention that as the structure of international trade changes, the tropical countries move rapidly toward becoming net importers of agricultural commodities and net exporters of manufactures. Even so, they continue to depend on the markets of the richer countries for their growth, and they continue to trade on unfavorable terms. Both of these disadvantages, he concludes, stem from large agricultural sectors with low productivity and will disappear only as the technology of tropical food production is revolutionized. Originally published in 1978. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Do rich industrial nations underestimate the threat to their economic stability posed by demands for a new international economic order? Are the developing countries wrong to assume that their economic advancement depends on a transfer of wealth from the richer nations? Sir W. Arthur Lewis's provocative analysis of the present economic order and its origins suggests that the answer to both questions is yes. Professor Lewis perceptively illuminates aspects of recent economic history that have often been overlooked by observers of international affairs. He asks first how the world came to be divided into countries exporting manufactures and countries exporting primary commodities. High agricultural productivity and a good investment climate allowed countries in Northwest Europe to industrialize rapidly, while the favorable terms of trade they enjoyed assured them and the temperate lands to which Europeans migrated of continuing dominance over the tropical countries. At the core of the author's argument lies the contention that as the structure of international trade changes, the tropical countries move rapidly toward becoming net importers of agricultural commodities and net exporters of manufactures. Even so, they continue to depend on the markets of the richer countries for their growth, and they continue to trade on unfavorable terms. Both of these disadvantages, he concludes, stem from large agricultural sectors with low productivity and will disappear only as the technology of tropical food production is revolutionized. Originally published in 1978. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.