The Origins of Development Economics

How Schools of Economic Thought Have Addressed Development

Edited by K. S. Jomo and Erik S. Reinert

The Origins of Development Economics

Edited by K. S. Jomo and Erik S. Reinert

Distributed for Zed Books

224 pages | 5.4375 x 8.5 | © 2005
Paper $38.95 ISBN: 9781842776476 Published September 2005 For sale in North and South America only
Historically much economic thought, especially until the 1960s, has been pre-occupied with the central concerns of development economics. It is thus contemporary mainstream economics -- dominated by those with a touching faith in the virtues and infallibility of the market -- that emerges as almost exceptional when viewed in longer term historical perspective. Although economics has gone through many changes over the centuries, the original developmental concerns of economists have persisted until relatively recently, ironically only diminishing as development economics emerged as a sub-discipline in the post-war period. This book reviews the history of economic thought to highlight these enduring developmental concerns in earlier economic discourses. This survey also shows that various schools of economic thought over the years have pointed to the role of the state in leading and coordinating economic transformation and progress. In the second half of the 20th century, often static, abstract and formal approaches displaced historically informed and institutionally nuanced discourses. Thus the narrow approaches of contemporary economics have marginalized greater appreciation of history and the other social sciences. After two introductory chapters by Erik Reinert and Tamas Szentes, Erik and Sophus Reinert offer three fascinating surveys of mercantilism, the Italian tradition associated with its city states, as well as the later German economic tradition. Mushtaq Khan then surveys the historical debate over capitalist transformation. Jaime Ros reviews the impact of modern growth theory on pioneering development economists, while Amitava Dutt considers the role of international trade in early development economics. Finally, Alfredo Saad Filho assesses Latin American structuralism and dependency theory.
Contents
Introduction
Jomo K.S. and Erik S. Reinert

Contributors

Mercantilism and Economic Development: Schumpeterian Dynamics, Institution-building and International Benchmarking
Erik S. Reinert and Sophus A. Reinert

The Italian Tradition of Political Economy: Theories and Policies of Development in the Semi-Periphery of the Enlightenment
Sophus A. Reinert

German Economics as Development Economics: From the Thirty Years’ War to World War II
Erik S. Reinert

The Capitalist Transformation
Mushtaq Husain Khan

The Pioneers of Development Economics and Modern Growth Theory
Jaime Ros

International Trade in Early Development Economics
Amitava K. Dutt

The Rise and Decline of Latin American Structuralism and Dependency Theory
Alfredo Saad-Filho

Development in the History of Economics
Tamás Szentes

Index
For more information, or to order this book, please visit http://www.press.uchicago.edu
Google preview here