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- W2405292944 abstract "This may not be the worst of times for the discipline of development economics, but this is also not the best of times for it. The discipline, rocked by a kind of schizophrenia that its votaries appear to be suffering from, is undergoing a painful, though not necessarily a Kafkaesque, metamorphosis. The consensus of the decades of the Fifties and Sixties about the nature and legitimacy of the discipline and about its 'world-view' has been seriously strained indeed, according to some 'observers', already broken down. While the defenders of the faith [27; 36; 48] refuse to surrender, some of its erstwhile votaries [11] wish to force on the discipline a Carthaginian peace. And the dissenters [3; 24] have subjected its predictions and prescriptions to the slings and arrows of outrageous fortune. In the present Address I focus on the role of government in the development process which has become, of late, the central issue both in the academic ivory towers and in the corridors of power. In the cauldron of the controversy we find questions not only about the form of government intervention, but also about the need and desirability of any government intervention at all for promoting economic growth. Questions about the most appropriate 'form' of government intervention do nothing to undermine the discipline of development economics. This is because such questions relate to identification of specific types of 'market failures' caused by domesticor foreign-trade distortions." @default.
- W2405292944 created "2016-06-24" @default.
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- W2405292944 date "2016-01-01" @default.
- W2405292944 modified "2023-09-24" @default.
- W2405292944 title "A Tale of Two Hands" @default.
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