The Theory of Economic Development

Title Page......Page 3
Contents......Page 7
Foreword......Page 11
1. Introductory......Page 13
2. The Definition of Economic Development......Page 15
3. Economic Development in the Literature of Mercantilism......Page 17
4. Physiocracy as a Theory of Development......Page 18
5. The Wealth of Nations......Page 21
6. Nineteenth-Century Classical Economics......Page 22
7. The Marginal Revolution......Page 26
8. Marshall and Schumpeter......Page 27
9. Trade Cycle Theory and Growth......Page 30
10. Re-emergence of a Theory of Aggregates......Page 31
11. Transitional......Page 32
2. Alternative Christian Attitudes......Page 34
3. Early Advocates of Inrcrease......Page 35
4. Anticipation of Malthus......Page 37
5. The Essay on Population......Page 40
6. The Essay on Population......Page 43
7. Diminishing Returns......Page 46
8. Increasing Returns......Page 48
9. The Conception of an Optimum Population......Page 50
10. Limitations......Page 53
1. Introductory......Page 56
2. Pre-Smithian Theories......Page 57
3. Accumulation in the Smithian System......Page 58
4. John Rae and Capital Theory......Page 62
5. The Law of Markets......Page 67
6. Malthus and Under-Consumption......Page 69
7. John Stuart Mill......Page 72
8. The Neo-Classical Tradition......Page 76
9. Stagnation Theory......Page 78
2. The Quality of the Population......Page 82
3. Education as Investment......Page 85
4. Neighbourhood Effects......Page 88
5. The State in Relation to Education......Page 91
6. The Advancement of Knowledge......Page 95
7. Babbage and Rae......Page 99
8. The Place of Knowledge in the Classical Theory......Page 101
2. The Policies of Mercantilism......Page 107
3. The Anti-Mercantilist Protest......Page 109
4. The System of Natural Liberty......Page 111
5. The Entrepreneur and His Funtions......Page 114
6. The Joint Stock Principle......Page 117
7. Public Enterprise......Page 120
8. Wakefield and Colonies......Page 123
9. The Infant Industires Argument......Page 124
10. External Economies......Page 127
11. The Instability of Aggergate Demand......Page 129
Note......Page 131
2. Money as a Prerequisite......Page 132
3. Credit......Page 136
4. Mercantilism......Page 141
5. The Anti-Mercantilist Reaction......Page 143
6. Money and Employment......Page 148
7. Money and the Volume of Trade......Page 150
8. The Real Bills Doctrine......Page 151
9. The Price Level......Page 154
10. Forced Saving......Page 156
1. Introductory......Page 162
2. The Meaning of Economic Development......Page 163
3. The Greek Philosophers......Page 166
4. Primitive Christianity......Page 168
5. Mercantilism......Page 170
6. Hume and Smith......Page 172
7. Nineteenth-Century Classicism......Page 177
8. The Marginal Revolution......Page 182
9. Antigrowth Attitudes......Page 183
Select Index of Proper Names......Page 189