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- W2163509182 abstract "Development economics focuses on the elemental forces that raise per capita income. A key factor in this process is the growth-generating reallocation of labor and capital among sectors, an aspect missed completely by all versions of the neoclassical growth theory. The relevance of our discipline to development policy remains undiminished by a greater recognition of market forces and freer international trade to maximize social welfare. Development economics, however, needs to be guided by a consequentialist ethical philosophy to emphasize a fairer distribution of the fruits of economic progress both nationally and internationally; and, more generally, to promote human development." @default.
- W2163509182 created "2016-06-24" @default.
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- W2163509182 date "1996-06-01" @default.
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- W2163509182 title "The significance of development economics" @default.
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- W2163509182 doi "https://doi.org/10.1016/0305-750x(96)00024-1" @default.
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