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The Poverty of "Development Economics" [Paperback]

Deepak Lal (Author)

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Book Description

Publication Date: September 18, 2000

In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk, and either a floating or rigidly fixed exchange rate.

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About the Author

Deepak Lal is the James S. Coleman Professor of International Development Studies at the University of California, Los Angeles.

Product Details

Paperback: 176 pages
Publisher: The MIT Press; second edition edition (September 18, 2000)
Language: English
ISBN-10: 0262122340
ISBN-13: 978-0262122344
Product Dimensions: 9 x 6 x 0.5 inches
Shipping Weight: 13 ounces (View shipping rates and policies)
Amazon Best Sellers Rank: #2,311,166 in Books (See Top 100 in Books)

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Citations (learn more)

53 books cite this book:

Postwar Evolution of Development Thinking by Charles P. Oman on 4 pages
The Market Economy and Christian Ethics (New Studies in Christian Ethics) by Peter H. Sedgwick in Back Matter (1), Back Matter (2), and Back Matter (3)
Development and the Developing World: An Introduction by Uma S. Kambhampati in Front Matter, and Back Matter
Japanese Views on Economic Development: Diverse Paths to the Market (Routledge Studies in the Growth Economies of Asia) by Kenichi Ohno on page 130, and page 143
Development Studies and Colonial Policy by Barbara Ingham on page 75, and page 80

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