The subject of these lectures is the Theory of Economic Development. But, as befits the foundation under which they are delivered, their object is historical rather than analytical. My intention is to trace the evolution of ideas on this subject rather than to contribute to contemporary speculation. My full title therefore is not The Theory of Economic Development in Modern Economic Analysis, but rather The Theory of Economic Development in the History of Economic Thought.


Economic Development Political Economy Trade Cycle Eighteenth Century General View 
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  1. 1.
    For a powerful critique of stage-theory, see Walter Eucken, Die Grundlagen der Nationalökonomie (1947), especially pp. 63–111.Google Scholar
  2. 1.
    A typical example is Andrew Yarranton’s somewhat neglected England’s Improvement By Sea and Land (1677).Google Scholar
  3. 1.
    See, e.g., Baudeau, Première Introduction à la Philosophie Économique, ed. Dubois (Paris, 1910) p. 4: ‘Les arts non productifs, bien loin d’être inutiles, font dans les états polices le charme et le soutien de la vie, la conservation et le bien-être de l’espèce humaine…. Ce n’est donc pour déprécier ou aviler cette espèce d’industrie très utile, très nécessaire, qu’il faut distinguer l’art fécond ou productif de l’art stérile ou non-productif. C’est qu’en effet l’un prépare et augmente la fécondité de la nature et de ses productions, l’autre se contente d’en profiter.’Google Scholar
  4. 1.
    On the significance of the Tableau in this connection Professor R. L. Meek, Economics of Physiocracy (1962), should be consulted, especially pp. 287–96.Google Scholar
  5. 1.
    Adam Smith, The Wealth of Nations, ed. Cannan (1904) vol. i, p. 1. All further references to The Wealth of Nations are to this edition.Google Scholar
  6. 1.
    As is well known, there is no systematic treatment of distribution in the Lectures on Justice, Police, Revenue and Arms, ed. Cannan (1896), which are to be regarded, in the last three sections, as a first outline of the theory of The Wealth of Nations.Google Scholar
  7. 1.
    David Ricardo, Works, ed. Sraffa (1951–2) vol. i, p. 5. All further references to Ricardo’s Works are to this edition.Google Scholar
  8. 1.
    John Stuart Mill, Principles of Political Economy, ed. Robson (1965) p. xcii. All further references to Principles of Political Economy are to this Toronto edition.Google Scholar
  9. 1.
    William Ellis, Outlines of Social Economy (1846) pp. 1–4.Google Scholar
  10. 1.
    Memorials of Alfred Marshall, ed. Pigou (1925) p. 415.Google Scholar
  11. 1.
    See Gustav Cassel, Theory of Social Economy (1923) vol. ii, pp. 503 seq., Spiethoff’s article on Krisen in the Handwörterbuch der Staatswissenschaften, a translation of which appears in International Economic Papers, no. 3Google Scholar
  12. Hicks, A Contribution to the Theory of the Trade Cycle (1950).Google Scholar

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© Lord Robbins 1968

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