In the classical paradigm of development economics that prevailed in the 1960s, agricultural growth was held to be the key pillar for industrial growth, itself seen to be synonymous with economic development. The paradigm was anchored in telling success stories, from the long history of the...

This collection of essays honors a remarkable man and his work. Erik Thorbecke has made significant contributions to the microeconomic and the macroeconomic analysis of poverty, inequality and development, ranging from theory to empirics and policy. The essays in this volume display the same...