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Choice of Techniques of Production: with Special Reference to East Asia

  • Amartya Kumar Sen
Part of the International Economic Association Series book series (IEA)

Abstract

The object of this paper is to see whether we can make some general remarks about the nature and types of techniques of production that are likely to give what might be considered ‘desirable’ results in the so-called under-developed countries, particularly of East Asia. Before we proceed to examine the relevant economic information, we should perhaps say a few words on the nature of the problem itself.

Keywords

Real Wage Wage Labour Mechanized Technique Real Wage Rate Capital Intensity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    see also C. P. Kindleberger Economic Development (New York, 1958), pp. 174–5.Google Scholar
  2. For the income-maximizing criterion, see A. E. Kahn, ‘Investment Criteria in Development Programs’, the Quarterly Journal of Economics, February 1951.Google Scholar
  3. For a straight-forward growth criterion, see M. H. Dobb, ‘Second Thoughts on Capital Intensity ’, the Review of Economic Studies, xxiv (1956)Google Scholar
  4. see also Galenson and Leibenstein, ‘Investment Criteria, Productivity and Economic Development’, the Quarterly Journal of Economics, August 1955.Google Scholar
  5. For two examples of intermediate criteria see Otto Eckstein, ‘Investment Criteria for Economic Development and the Theory of Intertemporal Welfare Economics’, the Q.J.E., February 1957Google Scholar
  6. (Joan Robinson, ‘Some Problems of Definition and Measurement of Capital’, Oxford Economic Papers, June 1959, p. 165.)Google Scholar
  7. 2.
    On the general question of interdependence, see also Hollis B. Chenery, ‘The Role of Industrialization in Development Programs’, American Economic Review, Supplement, May 1955.Google Scholar
  8. See, for example, W. A. Lewis, Report on Industrialization and the Gold Coast (Accra, 1953).Google Scholar
  9. Contrast with this such studies as Land and Poverty in the Middle East, by Doreen Warriner (London, 1948)Google Scholar
  10. P. N. Rosenstein-Rodan, ‘Problems of Industrialization of Eastern and South-Eastern Europe’, Economic Journal, June–September 1943.Google Scholar
  11. H. W. Singer, in Economic Progress (I.E.A. Round Table), edited by Léon Dupriez (Louvain, 1955), p. 176.)Google Scholar
  12. 2.
    See Joan Robinson, Accumulation of Capital (Macmillan, 1956), chap. 31.Google Scholar
  13. See, for some comparative figures, ‘The Approach of Operational Research to Planning in India’, by P. C. Mahalanobis, Sankaya, December 1955.Google Scholar

Copyright information

© International Economic Association 1964

Authors and Affiliations

  • Amartya Kumar Sen
    • 1
  1. 1.Trinity CollegeCambridgeUK

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