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This book argues that the debates about the appropriate economic policies to follow in the developing world within the field of development economics are at heart debates about the appropriate ontology to ascribe to agents within the developing world.1. Introduction 2. Ontology and Economic Analysis 3. Structuralism and Individualism in Development Economics 4. The Balance of Payments and the Exchange Rate 5. The Contractionary Devaluation Debate Revisited 6. Marxian Theory: An Alternative to Structuralist and Individualist Ontologies Appendices A. Interrogating the Walras-Saussure Connection B. The Roots of Latin American StructuralismUSCopyright ? 2005 by Routledge