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Poverty of Development Economics

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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.
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Book details

List price: $6.75
Edition: 2nd
Copyright year: 2000
Publisher: MIT Press
Publication date: 9/11/2000
Binding: Paperback
Pages: 195
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