Development Economics

by Debraj Ray

Debraj Ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future research. He covers such vital subjects as theories of economic growth, economic inequality, poverty and undernutrition, population growth, trade policy, and the markets for land, labor, and credit. The book takes the position that there is no single cause for economic progress, but that a combination of factors - among them the improvement of physical and human capital, the reduction of inequality, and institutions that enable the background flow of information essential to market performance - consistently favor development. Ray supports his arguments throughout with examples from around the world. The book assumes a knowledge of only introductory economics and explains sophisticated concepts in simple, direct language, keeping the use of mathematics to a minimum.

Genres: Economics, Nonfiction, Textbooks, Academic, Politics

Paperback

First published January 1, 1998

About the author

http://www.econ.nyu.edu/user/debraj/

Reviews

[Anette · Rating 5 out of 5]

a wise introduction to development economics, and a good reminder for those who have forgot. easily read and detailed enough for the practitioner to make use of it.

[Janani Sree Ganesh · Rating 3 out of 5]

Desperate times call for desperate measures :P

[Vikas · Rating 5 out of 5]

One of the best book to understand development Economics and its models in lucid way.

[Lara Amro · Rating 4 out of 5]

this book acts as a guide and a great source for every person that wants to study or work in development and economics it offers basic principals and ideas that are key in that field

[Thomas]

Recommended by Esther Duflo
About development economics, investments to increase the work capabilities of an individual

[Shishene · Rating 5 out of 5]

All time favorite book on economic development, elegantly written and embodying economic theory at its finest. It's that rare economics textbook that inspires you to want to read more economics textbooks.

[Tam · Rating 4 out of 5]

An awesome introduction to Dev Econs. It builds up the very foundation of the subject, familiarizes students with all essential definitions and theories as well as some "recent" development in the field (remember the book was written in 97). Chapters of growth theories are the most valuable. Ray makes everything so crystal clear compared to other texts. Yet the author approaches the field mostly via micro-econs and game theory, the macro side is much less stressed.

[Sita]

:-)

just to remind me of my paper assignment (hiks hiks...)