This paper extends the history of thought narrative on Allyn Young to recognize the close relationship that the classical growth theory has with the early development theory, as Young’s externalities-fuelled, cumulative growth process influenced the theoretical thought of the early development...

Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...

Ákos Navratil (1875-1952) is an outstanding theoretical economist from the first half of the 20th century. A selection of his works was published as volume 8 in the series Classics in Hungarian Economics (Old truths and new theories in economics by Ákos Navratil, (int., ed. by M. Hild)). The...

Ever since the global financial crisis of 2008, interpreted by some observers as a foreseeable failure of "unfettered" capitalism, the German intellectual tradition of ordoliberalism has been meeting with increased interest. Its emphasis on good government, appropriate rules and institutions...

This article introduces the moral philosophy underlying Smith's contributions to economics and emphasises the close connection between Smith's two principal works, the Theory of moral sentiments and the Wealth of nations.

After having pointed out the diverse uses of the term infrastructure in the literature on the market-economy, the different categories of infrastructure will be described. The argument in this context is that the classification of infrastructure suggested by Jochimsen has proved useful:...

In seiner Dissertation "The Impact of the Socio-Cultural Structures of the Kambata/Ethiopia on their Economic Development. An interdisciplinary and cultures comparing approach to discuss the issue of economic developement" beschäftigte sich Herr Gebrewold mit der Frage nach den sozialen und...

Arthur Lewis' seminal 1954 paper and its emphasis on dualism appeared at a time when neither the work of Keynes or Harrod-Domar nor the later neoclassical production function of Solow seemed relevant for developing countries. As a consequence, his model, rooted in the classical tradition, plus...

This paper makes an effort to trace the course of development thinking and associated development policy over the past six decades. Section I focuses on the early Post-War Consensus, with theory focused on extensions of classical dualism theory and policy concentrating on creating the...

At the beginning of the twenty-first century there is a rare coincidence of profound transformations in a number of areas, in population dynamics, in human settlements, in science and technology, economics, social stratification, in the role and functions of the states and in the global power...