Paradigms of economic development

The monograph traces the history of economic development theory from Adam Smith to the present day. Even though there is no dearth of compendia on development literature, the monograph presents a fresh view explaining the context and the socio economic background of different

ideological positions, with a very careful selection of the main strands of thought on the subject. Written in simple language, the monograph should be of interest not only to professional economists but also to all graduate students as well as to the lay reader, for whom divergent concepts have been de-mystified. It is likely to be of special interest to all those who are interested in issues pertaining to economic development, and therefore to all policy makers. For the last category, the chapters on the

Wicksellian/Schumpeterian theories of development and of the rate of interest, on the recent developments in international economic relations, on the post world war economic development experience of four countries/areas, namely, South Korea, Taiwan, China and India, and finally on the strategy likely to work in India, as of 1995, should be of special interest.