Schumpeter proclaims in this classical analysis of capitalist society first published in 1911 that economics is a natural self-regulating mechanism when undisturbed by "social and other meddlers." In his preface he argues that despite weaknesses, theories are based on logic and provide structure for understanding fact.Of those who argue against him, Schumpeter asks a fundamental question: "Is it really artificial to keep separate the phenomena incidental to running a firm and the phenomena incidental to creating a new one?" In his answers, Schumpeter offers guidance to Third World politicians no less than First World businesspeople.In his substantial new introduction, John E. Elliott discusses the salient ideas of The Theory of Economic Development against the historical background of three great periods of economic thought in the last two decades.
Der Klassiker - von sechs Wirtschaftsnobelpreisträgern empfohlen, eine Pflichtlektüre! Warum sind Nationen reich oder arm? Starökonom Daron Acemoglu und Harvard-Politologe James Robinson geben eine ebenso schlüssige wie eindrucksvolle Antwort auf diese grundlegende Frage. Anhand zahlreicher, faszinierender Fallbeispiele – von den Conquistadores über die Industrielle Revolution bis zum heutigen China, von Sierra Leone bis Kolumbien – zeigen sie, mit welcher Macht die Eliten mittels repressiver Institutionen sämtliche Regeln zu ihren Gunsten manipulieren - zum Schaden der vielen Einzelnen. Ein spannendes und faszinierendes Plädoyer dafür, dass Geschichte und Geographie kein Schicksal sind. Und ein überzeugendes Beispiel, dass die richtige Analyse der Vergangenheit neue Wege zum Verständnis unserer Gegenwart und neue Perspektiven für die Zukunft eröffnet. Ein provokatives, brillantes und einzigartiges Buch. »Dieses Buch werden unsere Ur-Ur-Urenkel in zweihundert Jahren noch lesen.« George Akerlof, Nobelpreisträger für Wirtschaftswissenschaften »Eine absolut überzeugende Studie.« Gary S. Becker, Nobelpreisträger für Wirtschaftswissenschaften »Ein wirklich wichtiges Buch.« Michael Spence, Nobelpreisträger für Wirtschaftswissenschaften »Acemoglu und Robinson begeistern und regen zum Nachdenken an.« Robert Solow, Nobelpreisträger für Wirtschaftswissenschaften »Ein wichtiges, unverzichtbares Werk.« Peter Diamond, Nobelpreisträger für Wirtschaftswissenschaften »Ein wichtiger Beitrag zur Debatte, warum Staaten mit gleicher Vorrausetzung sich so wesentlich in wirtschaftlichen und politischen Entwicklungen unterscheiden.« Kenneth J. Arrow, Nobelpreisträger für Wirtschaftswissenschaften »Diese faktenreiche und ermutigende Streitschrift lehrt uns, dass die Geschichte glücklich enden kann, wenn ihr kein Mensch mehr als Versuchsobjekt dient.« Michael Holmes, NZZ am Sonntag »Anderthalb Jahrzehnte Arbeit eines Pools von Wissenschaftlern, auf 600 Seiten zusammengefasst durch zwei Forscher von Weltrang – und dies kommt heraus: eine Liebeserklärung an Institutionen, die im Sinne ihrer Bürger funktionieren. [...] bestechend.« Elisabeth von Thadden, Die Zeit »Sie werden von diesem Buch begeistert sein.« Jared Diamond, Pulitzer Preisträger und Autor der Weltbestseller »Kollaps« und »Arm und Reich« » Ein höchst lesenswertes Buch.« Francis Fukuyama, Autor des Bestsellers »Das Ende der Geschichte« »Ein phantastisches Buch. Acemoglu und Robinson gehen das wichtigste Problem der Sozialwissenschaften an – eine Frage, die führende Denker seit Jahrhunderten plagt – und liefern eine in ihrer Einfachheit und Wirkmächtigkeit brillante Antwort. Eine wunderbar lesbare Mischung aus Geschichte, Politikwissenschaft und Ökonomie, die unser Denken verändern wird. Pflichtlektüre.« Steven Levitt, Autor von »Freakonomics«
For undergraduates studying economic development, combines a comprehensive coverage of the theories of economic development with a thorough treatment of the issues involved in the process of sustained economic growth and development. Assumes an intermediate course in economic theory or a very good c
E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America, and East-Central Europe. The book is suitable for those with a background in economics principles. Nafziger explains the reasons for the recent fast growth of India, Poland, Brazil, China, and other Pacific Rim countries, and the slow, yet essential, growth for a turnaround of sub-Saharan Africa. The fifth edition of the text, written by a scholar of developing countries, is replete with real-world examples and up-to-date information. Nafziger discusses poverty, income inequality, hunger, unemployment, the environment and carbon-dioxide emissions, and the widening gap between rich (including middle-income) and poor countries. Other new components include the rise and fall of models based on Russia, Japan, China/Taiwan/Korea, and North America; randomized experiments to assess aid; an exploration of whether information technology and mobile phones can provide poor countries with a shortcut to prosperity; and a discussion of how worldwide financial crises, debt, and trade and capital markets affect developing countries.
"Economic Development makes an important contribution of the literature on economic development, especially as it incorporates ideas on a theme that informs our concern for social justice, individual and social freedom, identify, and community."—Winston E. Langley, Annals of the American Academy of Political and Social Science
Todaro and Smith believe that development economics should foster a student's ability to understand real problems faced by developing countries. Unlike other texts, Economic Development, Ninth Edition, introduces economic models within the context of countries and issues, so that students learn to analyze and engage in ongoing policy debates. Praised for its even, balanced coverage, this text helps students to evaluate issues using the best available cross-sectional data, economic theory, and institutional and structural perspectives. Keeping pace with current data and events, the Ninth Edition includes the latest research in development as well as extensive country-specific examples of topics such as transition economics and urban policy.
Inequality in the world is high and rising. The problem of global uneven development is central to, and inseparable from, the international development agenda. This book examines the causes and implications of international economic divergences. It also reviews economic growth and structural change patterns since the 1960s
Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.
In April 1992, the world witnessed a renewal in South Central Los Angeles of the urban violence that exploded over a quarter of a century earlier. As in 1965, the spark that ignited the firestorm was Black rage over police brutality. But in both eras the tinder was prepared by decades of social neglect and political disenfranchisement that have left the predominantly non-white urban poor trapped and virtually without hope. Race, Politics, and Economic Development strips away the veneer of mass-media images to examine the underlying causes of Black urban poverty and to recommend means to escape the seemingly endless cycle of retributive violence that it spawns. The book brings together Black activists and scholars, including two former mayors of American cities, to analyse the theoretical and practical problems currently facing the Black community in the United States. The essays collected here are dominated by three key themes: that political influence, power, and wealth are major factors in determining social welfare policies directed at Blacks, the poor and the working class; that both liberal and conservative policies over the last fifty years are no longer effective in alleviating a growing human service crisis among Blacks; and that the political mobilization of impoverished sectors of the Black community is absolutely critical in resolving the problem of poverty in urban America. Drawing on new work in the social sciences, political theory, and economics, and also on the contributors' activist experiences, these essays represent a pathbreaking new agenda for the participation of grassroots Black leaders in developing and implementing urban policy. Contributors: Jeremiah Cotton, Julianne Malveaux, Mack H. Jones, Charles P. Henry, Walter Stafford, William Fletcher Jr., Eugene Newport, Sheila Ards, Jacqueline Pope, Keith Jennings, Lloyd Hogan, Richard Hatcher.
Recent years have seen considerable changes in the technology of transportation with the development of high-speed rail networks, more fuelefficient automobiles and aircraft, and the widespread adoption of informatics in disciplines such as traffic management and supply chain logistics. The contributions to this volume assess transportation interactions with employment and income, examine some of the policies that have been deployed to maximize the economic and social impacts of transportation provision at the local and regional levels and analyze how advances in transportation technologies have, and will, impact future development. Due in part to the general liberalization of markets, there have been major changes in the institutional environment in which transportation is supplied; these changes inevitably affect wider economic systems and development, although in turn these changes feed back upon transportation networks. The contributors to this work develop these and other themes, from a variety of perspectives, implementing a wide range of academic approaches into their analyses. Stemming from initiatives of the Network on European Communications and Transport Activities Research (NECTAR), Transportation and Economic Development Challenges presents a body of research that exemplifies the organization's objective of fostering research collaboration around the world.
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.
'. . . this volume is an excellent resource for those interested in the analysis of institutions' design and economic development. . .' - Oscar Alfranca, Progress in Development Studies The main theme of this study is the political economy of policy reform in less developed countries and post-socialist countries. Given the complexity of economic development and transition, Joachim Ahrens views failures in policy reform, poor public sector management, rent-seeking, corruption, and over-centralization as systematic, though not exclusive, instances of institutional failure.
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.
Revised edition of the author's Economic development, 
This is an introductory survey of the history and recent development of Latin American economy and society from colonial times to the establishment of the military regime in Chile. In the second edition the historical perspective has been enlarged and important events since the Cuban Revolution, such as the agrarian reforms of Peru and Chile, the difficulties of the Central America Common Market and LAFTA, the acceleration of industrialisation in Brazil and the consolidation of the Cuban economy, are discussed. The statistical information has been extended to the early 1970s and the demographic data to 1975.
Economic development is an important focus of anthropological work in rural and urban communities around the world, and in this volume the contributors offer expert analyses on the theory and practice of development. Chapters cover the key topics of market systems, agricultural knowledge, modernization, population growth, participatory development, conservation strategies, culturally sustainable development, globalization and privatization, tourism, urban development, and financial markets. The cross-cultural focus of the volume provides original data on development processes in many countries, including the Philippines, Bali, Costa Rica, Mexico, Honduras, Venezuela, Kazakstan, and the United States. The book will be a welcome source of comparative research for anthropologists, development specialists, agricultural researchers, environmentalists, and geographers. Published in cooperation with the Society for Economic Anthropology. Visit their web page.