Development has always been a fanciful word in the political lexicon of policy-makers and politicians at both local and international political affairs. Political leaders and policy-makers seek to authenticate their relevance in the public ambiance by making several speeches that are coded...

In this clear and engaging book, economist Louis Putterman places the economy and the study of economics in a broad historical and social perspective. He explores the history of the discipline, the history of the modern economy, different perspectives on the market economy, and the relations...