Research Catalog

Chicago essays in economic development

Title: Chicago essays in economic development / edited and with an introduction by David Wall.
Publication: Chicago, University of Chicago Press [1972]

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Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Use in library	HD82.W247	Off-site

Details

Additional Authors

Wall, David, 1940-

Description

xvi, 370 pages; 22 cm

Summary

What happens when the methods of the Chicago school of economics are applied to development problems? By collecting fifteen prime examples for this volume, David Wall has shown that these methods go a long way toward the clarification and solution of the economic problems faced by the world's underdeveloped countries. The contributors, all members of the Department of Economics at the University of Chicago, are Theodore Schultz, Harry G. Johnson, Arnold C. Harberger, Bert F. Hoselitz, and Larry A. Sjaastad, and D. Gale Johnson. These Chicago economists share a common intellectual framework universally recognized in the profession and derived from three beliefs: first, that theory is of fundamental importance; second, that theory is irrelevant unless set in a definite empirical context; and third, that in the absence of evidence to the contrary, the market works. Critics of the Chicago school tend to ignore the first two of these and to overlook the qualifying proviso of the third. This volume sets out to rectify that misunderstanding and to circulate more widely some of the best work produced by the Chicago school. The essays in the opening "general" section clearly illustrate the characteristics of the Chicago school while also reflecting some well-known idiosyncrasies of four of its more prominent spokesmen. The other two sections, "Domestic Policy" and "Trade and Aid," cover topics on which Chicago authors have made a marked impact. Together, these essays will provide a basic reference book for students of the subject, illustrating one of the leading methods of analyzing economic development problems.

Subject

Genre/Form

economic analysis.
reference.
analyse économique.
référence bibliographique.
análisis económico.
referencia.

Bibliography (note)

Includes bibliographical references.

Contents

Machine derived contents note: Introduction by David Wall -- General Features of Developing Economics -- 1. Economic Growth from Traditional Agriculture by Theodore W. Schultz -- 2. The Ideology of Economic Policy in the New States by Harry G. Johnson -- 3. Using the Resources at Hand More Effectively by Arnold C. Harberger -- 4. The Role of Cities in the Economic Growth of Underdeveloped Countries by Bert F. Hoselitz -- 5. Agriculture in Industrial Development by Bert F. Hoselitz -- Domestic Policy -- 6. Fiscal Policy and the Balance of Payments in a Growing Economy by Harry G. Johnson -- 7. Some Notes on Inflation by Arnold C. Harberger -- 8. Reflections on the Monetary System of Panama by Arnold C. Harberger -- 9. Investment in Men versus Investment in Machines by Arnold C. Harberger -- 10. Argentina and the Five-Year Plan by Larry A. Sjaastad -- Trade and Aid 11. Tariffs and Economic Development by Harry G. Johnson -- 12. Trade Preference and Developing Countries by Harry G. Johnson -- 13. Agriculture and Foreign Economic Policy by D. Gale Johnson -- 14. Value of U.S. Farm Surpluses to Underdeveloped Countries by Theodore W. Schultz -- 15. Issues Concerning Capital Assistance to Less-Developed Countries by Arnold C. Harberger -- Index.

ISBN

0226871541
9780226871547

LCCN

72075513

OCLC

ocm00570139
570139
SCSB-156259

Owning Institutions

Princeton University Library