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Analytical development economics : the less developed economy revisited

Author: Kaushik Basu
Publisher: Cambridge, Ma. : MIT Press, 1997.
Edition/Format:   eBook : EnglishView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Basu, Kaushik.
Analytical development economics.
Cambridge, Ma. : MIT Press, 1997
(DLC) 96040312
(OCoLC)36086806
Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kaushik Basu
ISBN: 0585156565 9780585156569
OCLC Number: 44963498
Notes: Revised edition of: The less developed economy: a critique of contemporary theory. 1984.
Description: 1 online resource (xix, 366 pages) : illustrations
Contents: Prospectus --
Economic Rationality and Norms --
On Weighing Scales Known to Be Biased --
From Analysis to Prescription --
Macro Perspectives --
The Vicious Circle of Poverty --
The Idea of the Vicious Circle --
The Vicious Circle, Industrialization, and Balanced Growth --
The O-Ring Theory of Low Productivity --
Manifestations of Unemployment --
Growth and Development --
The Harrod-Domar Legacy --
The Neoclassical Model --
Endogenous Growth --
Distribution and Development --
Limitations --
Inflation and Structural Disequilibrium --
Employment Policy and the Inflation Barrier --
Notes on Michal Kalecki --
Structural Disequilibrium --
Foreign Exchange and Trade: Some Considerations --
Closed and Open Economies --
Foreign Exchange Constraints and Growth: A Two-Gap Model --
Aid and Welfare: A Paradoxical Theorem --
The Terms of Trade in the Long Run --
International Debt --
The Agenda --
Sovereign Risk and Rationality --
Some Standard Models --
Loan Pushing --
Debt Forgiveness --
Buybacks and Debt-Equity Swaps --
The Dual Economy --
The Structure of a Dual Economy --
The Lewis Model --
Critiques --
Migration --
Migration and Urban Unemployment --
The Harris-Todaro Model --
Policy Issues --
The Monotonicity Proposition --
The Rural-Urban Wage Gap --
The Labor Turnover Model --
Extensions and Critique --
Labor Turnover and Duopsony: A Digression --
Unemployment and Surplus Labor --
The Wage-Productivity Model --
Surplus Labor and the Efficiency Wage --
Surplus Labor in the Casual Labor Market --
A Comment on Dualism.
Responsibility: Kaushik Basu.

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