Development Economics.

Ray, Debraj

About this Item

Princeton; Princeton University Press, 1998. First edition. 26x18 cm. xvii, (1 blank), 848, (1, 1 blank) pp. Publisher's printed boards with likewise printed dustjacket. Very fine. "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. A common point of view underlies the treatment of these subjects: that much of the development process can be understood by studying factors that impede the efficient and equitable functioning of markets. Diverse topics such as the new growth theory, moral hazard in land contracts, information-based theories of credit markets, and the macroeconomic implications of economic inequality come under this common methodological umbrella. 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." (front & rear flap). Seller Inventory # 25236

Bibliographic Details

Title: Development Economics.

Binding: Hardcover

Dust Jacket Condition: Dust Jacket Included

Edition: 1st Edition