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Development: What have we Learned?

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The Relevance of Economic Theories

Part of the book series: International Economic Association Publications ((IEA))

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Abstract

I interpret my task as being to survey development theory critically, in the light of its realism and relevance to the problems of development, to discuss the case for interdisciplinary studies, to separate ideas that have been discarded from those that have withstood the test of time and to point to promising new departures.

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References

  1. A. O. Hirschman, Exit, Voice and Loyalty (Harvard, 1970).

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  2. See H. Leibenstein, Economic Backwardness and Economic Growth (John Wiley, New York, 1963).

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  3. See G. Myrdal, An American Dilemma (Harper, New York, 1944).

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  4. An important attempt to discover which variables and interactions may be appropriate under which circumstances is to be found in I. Adelman and C. T. Morris, Society, Politics and Economic Development (Johns Hopkins Press, Baltimore, 1967).

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  5. As Voltaire said, an incantation will destroy a flock of sheep if it is accompanied by a sufficient dose of arsenic’, A. Marshall, Official Papers (Macmillan, London, 1926), p. 40.

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  6. J. M. Keynes, ‘Economic Possibilities for our Grand-Children’. Reprinted in Essays in Persuasion (Macmillan, London, 1931), p. 373.

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  7. See W. Arthur Lewis, The Evolution of the International Economic Order (Princeton, 1977).

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Authors and Affiliations

Authors

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Jozef Pajestka C. H. Feinstein

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© 1980 International Economic Association

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Streeten, P. (1980). Development: What have we Learned?. In: Pajestka, J., Feinstein, C.H. (eds) The Relevance of Economic Theories. International Economic Association Publications. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16443-1_12

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