scholarly journals Paul Rosenstein-Rodan and the Birth of Development Economics

2020 ◽  
Author(s):  
Michele Alacevich
Keyword(s):  
Development Economics ◽  
Paul Rosenstein

“Looking at the Other Side of the Coin”: Allyn Young and the Early Development Theory

2006 ◽  
Vol 28 (4) ◽  
pp. 461-488 ◽  
Author(s):  
Maiju Perälä
Keyword(s):  
Early Development ◽  
Development Economics ◽  
Theoretical Work ◽  
The Other ◽  
Vicious Circle ◽  
Development Theory ◽  
Balanced Growth ◽  
Paul Rosenstein ◽  
Big Push

This paper investigates the influence of Allyn Abbott Young's theoretical work on the groundbreaking contributions of early development theorists, Paul Rosenstein-Rodan and Ragnar Nurkse. The work of Allyn Young had a significant impact on early development theory as the above-mentioned pioneers of development economics built substantial portions of their theories—the “big push” and “vicious circle and balanced growth,” respectively—on the dynamic external economies, an integral part of the vision of self-sustaining growth, as described in Young (1928).

scholarly journals Paul Rosenstein-Rodan and the Birth of Development Economics

2021 ◽  
pp. 857-892
Author(s):  
Michele Alacevich
Keyword(s):  
Development Economics ◽  
Quarter Century ◽  
Balanced Growth ◽  
Critical Junctures ◽  
History Of Development ◽  
Intellectual Milieu ◽  
History Of ◽  
Interwar Europe ◽  
Paul Rosenstein ◽  
Big Push

This article, based on previously untapped archival sources, offers an assessment of the life and thought of Paul Rosenstein-Rodan, a pioneer of development economics and one of the first articulators of both the “Big Push” and “balanced growth” theories. In addition to documenting the early life of Rosenstein-Rodan, this article discusses two critical junctures in the history of development economics, namely, the birth of the discipline in the late 1940s, and its decline approximately a quarter century later. Rosenstein-Rodan was a fundamental player in both instances. Through the lens of his experience it is possible to understand the eclectic beginnings of development economics and locate some of its most important roots in the intellectual milieu of interwar Europe, from Vienna to London via Eastern and Southern Europe. What is more, Rosenstein-Rodan’s subsequent career epitomizes the arc of development economics, casting new light on the debates and practices that shaped the discipline during its rise, and on the unresolved issues that help explain its decline.

Essentials of Development Economics, Third Edition

2020 ◽  
Author(s):  
Travis J. Lybbert ◽  
J. Edward Taylor
Keyword(s):  
Development Economics

Book Reviews

2004 ◽  
Vol 54 (3) ◽  
pp. 387-397
Author(s):  
Mihály Laki ◽  
Beáta Huszka
Keyword(s):  
United Nations ◽  
Development Economics ◽  
International Economics ◽  
Small And Medium Enterprises ◽  
Transitional Economies ◽  
The United Nations ◽  
Medium Enterprises ◽  
Economics Research

R. J. McIntyre and B. Dallago (eds): Small and Medium Enterprises in Transitional Economies. Palgrave Macmillan in association with the United Nations University / World Institute for Development Economics Research, 2003, 259 pp. (Reviewed by Mihály Laki); S. S. Bhalla: Imagine There's No Country. Poverty, Inequality, and Growth in the Era of Globalisation. Washington, D.C.: Institute for International Economics, 2002, 248 pp. (Reviewed by Beáta Huszka)

A Tale of Two Hands' (Presidential Address)

1986 ◽  
Vol 25 (3) ◽  
pp. 225-245
Author(s):  
Syed Nawab Haider Naqvi
Keyword(s):  
Development Economics ◽  
World View ◽  
Presidential Address

This may not be the "worst of times" for the discipline of development economics, but this is also not the "best of times" for it. The discipline, rocked by a kind of schizophrenia that its votaries appear to be suffering from, is undergoing a painful, though not necessarily a Kafkaesque, metamorphosis. The consensus of the decades of the Fifties and Sixties about the nature and legitimacy of the discipline and about its 'world-view' has been seriously strained - indeed, according to some 'observers', already broken down. While the defenders of the faith [27; 36; 48] refuse to surrender, some of its erstwhile votaries [11] wish to force on the discipline a Carthaginian peace. And the dissenters [3; 24] have subjected its predictions and prescriptions to the "slings and arrows of outrageous fortune."

In Pursuit of a New Paradigm (Presidential Address)

1991 ◽  
Vol 30 (4I) ◽  
pp. 337-365
Author(s):  
Syed Nawab Haider Naqvi
Keyword(s):  
Development Economics ◽  
Publishing Industry ◽  
Time Series Data ◽  
Presidential Address ◽  
Academic Community ◽  
Full Length ◽  
Good News ◽  
Series Data ◽  
Economic Knowledge ◽  
The Subject

After 40 years of its birth, development economics has come to be widely accepted - without universal acclaim. In sharp contrast to some pessimistic evaluations of the subject, the academic community has granted it the right to a separate existence. But the recognition has not come easy. From the first full-length evaluation of the discipline by Chenery (1965), in which he looks at it as a variation on the classical theme of comparative advantage, to Stem's (1989) sympathetic review of the contributions that the discipline has made to the state of economic knowledge, development economics has experienced many a vicissitude - both the laurels of glory and the "arrows of outrageous fortune". But, finally, it has become an industry in its own right, of which not only social profitability but also 'private' profitability appears to be strictly positive: the publishing industry continues to patronize it and publish full-length books on the subject. Four decades of development experience, the production of massive cross-country and time-series data about a large number of development variables, the construction of large macro-economic models and fast-running computers, and the application of mathematical methods, have all combined to lay the foundations of a theoretically rigorous and policy-relevant development paradigm, which is gradually replacing the old one. All this is good news for development economists, who can now afford not only bread but also some butter for their daily parsnips .

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