This paper is a short history of the Indian economy since 1968. India today is a changed country from what it was half a century ago, when Myrdal published his Asian Drama. The stranglehold of low growth has been broken, its population below the poverty line has fallen markedly, and India has...

The growth surge produced by East Asian newly industrialised nations since 1970s has been a central theme of research and debate amongst many social scientists and policy makers. From an “institutionalist” perspective, the idea of “development state” was theorised to explain this “East...

"This book focuses on the beginnings of capitalism in Central Europe with emphasis on the German speaking areas from the 14th to the 17th century. It also reviews and assesses the writings on the topic by the most important thinkers of the twentieth century. At the center of the presentation are...

The present paper analyzes the links that exist between Adam Smith's thought and Amartya Sen's one with the aim of presenting a definition of globalization which shows how global market could be a potential instrument to promote socio-economic development. The definition of globalization here...

In the aftermath of World War II, the birth of development economics was paralleled by the growth of development organizations, the most prominent of which was the World Bank. Not surprisingly, the paths of the Bank and of the pioneers of the new discipline often crossed, and it is fair to say...

This paper theoretically investigates the effectiveness of Islamic banking & finance concepts and concludes that in addition to the traditional prohibitions, Islamic banks should be aware of the immoral defrauding and selfish sales behaviour that took place in Western financial institutions,...

Peter Bauer was a pioneer in development economics and his contributions to the field have been vindicated by the collapse of central planning. Through most of his career, however, Bauer was marginalized by the economics profession. Even after the fall of the Berlin Wall, economists frequently...