Poverty of Development Economics

Name: Poverty of Development Economics
Price: 5.7 USD
Availability: InStock
ISBN: 9780262122344

ISBN-10: 0262122340

ISBN-13: 9780262122344

Edition: 2nd 2000

Authors: Deepak Lal

List price: $6.75

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Description:

In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk, and either a floating or rigidly fixed exchange rate.

Book details

List price: $6.75
Edition: 2nd
Copyright year: 2000
Publisher: MIT Press
Publication date: 9/11/2000
Binding: Paperback
Pages: 196
Size: 6.00" wide x 8.75" long x 0.50" tall
Weight: 0.682
Language: English



Preface 2000


Preface 1997



Preface 1985: US Edition


The Author


Acknowledgements


Introduction



The Dirigiste Dogma



The Alleged Irrelevance of Orthodox Economics



The Keynesian Heritage



The Neglect of Welfare Economics



The Theoretical Attack on Laissez-Faire



The Limits of Rational Dirigisme



The External Environment 1: Trade



The First Protectionist Wave



The Orthodox Counter-Attack



The New Wave of Protectionism



The Terms of Trade



Dependency Theories



Free Trade and Laissez-Faire



The External Environment II: Commodities and Foreign Capital



International Commodity Agreements



International Capital Flows



Industrialisation and Planning



The Promotion of Industry



On Planning



Foretelling the Future



Picking Industrial 'Winners'



Social Cost-Benefit Analysis



Some Industrial Strategies



Indian Industrialisation in Historical Perspective



Poverty, Inequality and Employment



Ethics



Surplus Labour, Growth and Labour Incomes



'Unemployment' and Poverty



Rural Development



Land Reform



Appropriate Goods and Technologies



'Basic Needs'



Some General Conclusions


Imperfect Markets Superior to Imperfect Planning


Unlamented Demise of 'Development Economics'



A Guide to 'Second-Best' Welfare Theory


References



Postscript 1997



The Overall Trends



Events and Ideas



The Mutations of Dirigiste Dogma



New Horizons


References for 1997 Postscript