Addressing the problem of the foreign debt of less developed countries, this book examines its impact on their development possibilities. It also analyzes the lessons that both economic theory and policy should draw from the debt crisis. The contributions are divided into four parts dealing with: traditional facts and new horizons in the theory of economic development, the theory and practice of the debt problem, the policies of structural adjustment recommended by international organizations, and the relationship between economic growth, democracy and a new international order.;Long-term sustainable development is the only way to avoid further economic crises in the Third World, but it can only be achieved by means of a comprehensive approach directly aiming at long-term growth and involving a re-thinking of trade relationships between low and high-income countries. The author's articles have appeared in "The Economic Journal, "History of Political Economy", "Australian Economic Papers", "Contributions to Political Economy", "History of European Ideas", "Economie Appliquee" and "Note Economiche".

Gianni Vaggi and Peter Groenewegen present a brief history of economic thought over three centuries. They sketch the history form the seventeenth century to the present day. Each chapter examines the key contributions of a major economist, or group of economists, and concludes with brief suggestions for further reading. The economists covered include Keynes, Marshall, Petty and Jevons, as well as less familiar theorists such as Galiani and Turgot.

Gianni Vaggi and Peter Groenewegen present a brief history of economic thought over three centuries. They sketch the history from the seventeenth century to the present day. Each chapter examines the key contributions of a major economist, or group of economists, and concludes with brief suggestions for further reading. The economists covered include Keynes, Marshall, Petty and Jevons, as well as less familiar theorists such as Galiani and Turgot.