The last three lectures have considered the conditions of development from a somewhat mechanical point of view. I have been tracing the history of thought concerning the significance for the growth of average income of numbers, of accumulation, and of education and technical knowledge. But this does not in itself provide a history of thought regarding the activating and organising influences in this connection; and it is to this subject that I now turn. I wish to make a broad survey of the history of theories of organisation and policy in regard to economic development. What views have influenced serious speculation on the appropriate pattern of institutions and initiative ? With a subject of this kind you will well understand, I hope, that my treatment must be even more confined to salient features and tendencies than in the three preceding lectures.


Political Economy Economic Freedom Joint Stock Company Classical Economist Residual Income 


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  1. 1.
    Reprinted in McCulloch, Select Collection of Early English Tracts on Commerce (1856) p. 219.Google Scholar
  2. 2.
    Selected Writings of Henri Comte de Saint-Simon, ed. Markham (1952) pp. 72–3.Google Scholar
  3. 2.
    John Stuart Mill, Letters, ed. Hugh Elliot (1910) vol. ii, p. 149.Google Scholar
  4. 1.
    On this see Nicholson’s introduction to Lloyd’s translation of List, The National System of Political Economy (1904).Google Scholar
  5. 1.
    List, National System of Political Economy, trs. Lloyd (1904) pp. 105–6.Google Scholar
  6. 2.
    Marshall, Principles of Economics, 8th ed. (1920) p. 266.Google Scholar

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© Lord Robbins 1968

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