This paper presents some of the historical background to the question, What is the fair price to pay for the use of someone else's money? It identifies weaknesses in the arguments that have been used to justify the regulation of interest rates by the political or religious authorities. It argues...

This paper presents the essential elements of the debate on the role of industrialization for economic development in Brazil. The paper examines several moments of this debate, from its origins until the recent discussions of deindustrialization. It is argued that the development of the theme...

The paper analyzes the debate between metallism and "paper moneyism" which took place in Brazil in the second half of the 19th century and advocates that the latter was one of the currents that contributed to the genesis of developmentalism. In order to do so, it reviews the monetary...

The economic development process is a complex concept, much broader than the material growth model. The economic growth is a process of accumulation in terms of quantity and value, using a series of macroeconomic variables such as GDP, the real wages or the income per capita. Economic...

Although development generally refers to a broad concept, the quest for development in Sub-Saharan Africa has been biased by ideological considerations which made abstraction of local conditions and people's aspirations. The prevalent development models have used increased national income as a...

Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural...

Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural...

Although area of economics associated with economic evolution has become established during the last couple of decades, its objectives and potentials can most easily be understood on the background of the work of Joseph A. Schumpeter. The fundamental objective of evolutionary economics is to...

American Indian communities are the poorest in the United States. They suffer from poverty, unemployment, and inadequate housing rates not seen elsewhere in the U.S. Yet any discussion of economic development in Indian Country is always conditioned and constrained by concerns about possible...

A number of critical innovations spurred the rapid expansion in the use of field experiments by academics. Some of these were econometric but many were intensely practical. Researchers learned how to work with a wide range of implementing organizations from small, local nongovernmental...