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Growth and Development from an Evolutionary Perspective by John Fei, ISBN 0631218890 Summary
Growth and Development from an Evolutionary P
Growth and Development from an Evolutionary Perspective Full Description
This volume provides an excellent understanding of the current development process in the transition from agrarianism to modern economic growth. With coverage that is analytical yet sensitive to historical time and typological differences across developing societies, the book traces the evolution of relevant development theory from the physiocrats and the Classical School to Solow, Arthur Lewis, and Lucas and Roemer. The theoretical chapters of the volume focus first on an analysis of closed and open agrarian societies. It then turns to an examination of dualism in both the closed and open economy settings and to the requirements for successful graduation into economic maturity. The book next covers the policy implications of our view of the development process, emphasizing a comparison between the successful East Asian and the less successful Latin American cases, and concludes with a demonstration of how political economy considerations permit us to move towards an enhanced endogenization of policy choices.
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