Readings in the Theory of Economic Development [Paperback]

This collection provides a complete introduction to new ways of thinking about economic development. Emphasizing economic theory, each article has been selected for its theoretical completeness, accessibility and clarity as well as its value as a contribution to the field. A thorough introductory essay summarizes the state of the field for those new to the field and explains the importance of the articles selected.Acknowledgments.

Inroduction.

Part I: Underdevelopment As Market Incompleteness: Economy-Wide Implications.

A: Coordination Failures and Underdevelopment.

1. Industrialization and the Big Push. (Kevin M. Murphy, Andrei Shleifer and Robert W. Vishny).

2. Increasing Returns and Long-Run Growth. (Paul M. Romer).

3. History and Coordination Failure. (Alícia Adserà and Debraj Ray).

B: Inequality and Underdevelopment.

4. Income Distribution and Macroeconomics. (Oded Galor and Joseph Zeira).

5. Occupational Choice and the Process of Development. (Abhijit V. Banerjee and Andrew F. Newman).

6. Economic Underdevelopment: The Case of a Missing Market for Human Capital. (Lars Ljungqvist).

C: Slow Convergence.

7. Was Prometheus Unbound by Chance?: Risk, Diversification and Growth. (Daron Acemoglu and Fabrizio Zilibotti).

Part II: Market Incompleteness And Informal Institutions: Microeconomic Analysis.

Agrarian Organization.

A: Agarian organization.

8. Access to Capital and Agrarian Production Organization. (Mukesh Eswaran and Ashok Kotwal).

B: Labor.

9. Part 1: Inequality as a Determinant of Malnutrition and Unemployment: Theory Part 2 Inequality as a Determinant of Malnutrition and Unemployment: Policy (Partha Dasgupta and DlÃ)