Skip to main content

Abstract

Nobel Laureate W. A. Lewis (1988) has traced the roots of the subject of economic development to Britain in the century and a half running from about 1650 to Adam Smith’s Wealth of Nations (1776). Lewis indicates that much of the development theory of today is already to be found in the writings of the eighteenth century, especially in those of Hume (1748), Steuart (1767), and Smith.1 The essays in this volume build upon that classical heritage. Focusing on both the history of thought and development policy, they illuminate the evolution from classical economics to development economics. As such, they are prompted by the grand theme of classical economics — the development of the “progressive state”.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Eltis, Walter (1984) The Classical Theory of Economic Growth (New York: St. Martin’s Press).

    Book  Google Scholar 

  • Hicks, J. R. (1966) “Growth and Anti-Growth”, Oxford Economic Papers, (November), 257–69.

    Google Scholar 

  • Hollander, Samuel (1973) The Economics of Adam Smith (Toronto: University of Toronto Press).

    Google Scholar 

  • Hume, David (1748) Essays Moral and Political, ed. Eugene Rotwein (London: Nelson, 1955).

    Google Scholar 

  • Kravis, I. B (1970) “Trade as a Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries”, Economic Journal, vol. 80, no. 32 (December).

    Google Scholar 

  • Lewis, W. A. (1954) “Economic Development with Unlimited Supplies of Labour”, Manchester School, 22, pp. 139–91.

    Article  Google Scholar 

  • Lewis, W. A. (1988) “The Roots of Development Theory”, in Hollis Chenery and T. N. Srinivasan, (eds), Handbook of Development Economics, vol. I, (Amsterdam: North-Holland).

    Google Scholar 

  • Lipton, Michael (1977) Why Poor People Stay Poor (Cambridge, Mass.: Harvard University Press).

    Google Scholar 

  • Myint, Hla (1948) Theories of Welfare Economics (Cambridge, Mass.: Harvard University Press).

    Google Scholar 

  • Myint, Hla (1976) “Comment on the Diffusion of Development”, in Thomas Wilson and Andrew S. Skinner (eds), The Market and the State (Oxford: Clarendon Press).

    Google Scholar 

  • Myint, Hla (1977) “Adam Smith’s Theory of International Trade in the Perspective of Economic Development”, Economica, 44, pp. 231–48.

    Article  Google Scholar 

  • North, Douglas C. (1990) Institutions, Institutional Change and Economic Performance (Cambridge: Cambridge University Press).

    Book  Google Scholar 

  • Rae, John (1834) Statement of Some New Principles of Political Economy (Boston: Hilliard, Gray).

    Google Scholar 

  • Robbins, Lionel (1952) The Theory of Economic Policy in English Classical Political Economy (London: Macmillan).

    Google Scholar 

  • Robbins, Lionel (1968) The Theory of Economic Development in the History of Economic Thought (London: Macmillan).

    Book  Google Scholar 

  • Rosenberg, Nathan (1960) “Some Institutional Aspects of the Wealth of Nations”, Journal of Political Economy (December 1960), pp. 557–570.

    Google Scholar 

  • Rostow, W. W. (1990) Theories of Economic Growth from David Hume to the Present (New York: Oxford University Press).

    Google Scholar 

  • Samuelson, Paul A. (1978) “The Canonical Classical Model of Political Economy”, Journal of Economics Literature (December), 1415–34.

    Google Scholar 

  • Smith, Adam (1776) An Inquiry into the Nature and Causes of the Wealth of Nations (London: W. Stratham; Cannan edition, New York: Modern Library, 1937).

    Google Scholar 

  • Steuart, James (1767) An Enquiry into the Principles of Political Economy, ed. Andrew S. Skinner (Edinburgh: Oliver & Boyd, 1966, reprinted).

    Google Scholar 

  • Williamson, Jeffrey G. (1991) Inequality, Poverty, and History (Oxford: Basil Blackwell).

    Google Scholar 

  • Winch, Donald (1965) Classical Political Economy and Colonies (London: G. Bell).

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 1994 Gerald M. Meier

About this chapter

Cite this chapter

Meier, G.M. (1994). The “Progressive State” in Classical Economics. In: Meier, G.M. (eds) From Classical Economics to Development Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23342-7_2

Download citation

Publish with us

Policies and ethics