Principles and concepts -- Economics, institutions, and development -- Comparative economic development -- Classic theories of economic growth and development -- Contemporary models of development and underdevelopment -- Problems and policies : domestic -- Poverty, inequality, and development --...

This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...