This two-volume original reference work provides a comprehensive overview of development economics and comprises contributions by some of the leading scholars working in the field. Authors are drawn from around the world and write on a wide range of topics.

The classical discussion of the agrarian question in the writings of Kautsky and Lenin occurred in the context of countries which were not under colonial or imperial yoke. This classical discussion, therefore, needs to be further developed, not just to take account of the changes that have taken...

An economic policy regime under the sway of neoliberalism, or laissezfaire, puts tremendous pressure on peasant agriculture. This article argues, with a special focus on India, that during the current phase of capitalism, this is exactly what is happening in the developing world. During the...

Table of Contents -- Preface -- Introduction -- 1. The Great Divide in Economics -- Part I. The Infirmity of Monetarism -- 2. The Monetarist Theory -- 3. Equilibrium and Historical Time -- 4. The Modus Operandi of Monetarist Theory -- 5. The Cash Transactions Approach to Monetarism -- 6. An...