Can Economic Growth Be Sustained?: The Collected Papers of Vernon W. Ruttan and Yujiro Hayami - Hardcover

Ruttan, Vernon W

Hardcover

ISBN 10: 0199754357 ISBN 13: 9780199754359

Publisher: Oxford University Press, 2011

Synopsis

Can Economic Growth be Sustained? Nothing could be more valuable than creating a new paradigm in economics, particularly in the field of agricultural development. A notable example is T. W. Schultz's (1964) thesis regarding "efficient but poor" small-scale farmers in low-income or developing countries. No less influential is Vernon Ruttan and Yujiro Hayami's thesis concerning the role of induced technical and institutional innovation; arguing that as the scarcity of a factor of production (e.g. labor) increases, technology that saves on the use of the factor is induced to develop, along with supportive institutions, including property rights systems, public-sector research and extension sy...

About this title

Review:

Yujiro Hayami and Vernon Ruttan were two of the pioneering figures in development economics. This collection of papers traces their work across half a century of engagement with the problems and puzzles of agricultural development. This thoughtful volume brings together some of their best-known individual and collaborative writings, but it also includes a number of papers that were never widely disseminated. (Douglas Gollin, Professor of Economics, Williams College)

About the Author:

Keijiro Otsuka's work covers the diverse fields of development economics, including land tenancy, land rights and natural resource management, green revolution and poverty reduction, and cluster-based industrial development in both Asia and sub-Saharan Africa. He is currently President of the International Association of Agricultural Economists. C. Ford Runge is Distinguished McKnight University Professor of Applied Economics and Law at the University of Minnesota, where he also holds appointments in the Hubert H. Humphrey Institute of Public Affairs and the Department of Forest Resources. He is a member of the faculty in Conversation Biology and a Fellow of the University of Minnesota Institute on the Environment.

About this edition

• Publisher: Oxford University Press
• Publication date: 2011
• ISBN 10: 0199754357
• ISBN 13: 9780199754359
• Binding: Hardcover
• Number of pages: 410
• Editor: Otsuka Keijiro, Runge C Ford