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Development Economics

Condition: BRAND NEW ISBN: 9780691017068 Author(s): Debraj Ray Format: Hardcover Year: 1998 Publisher: Princeton University Press Dimensions: 189 x 261 x 40 (w x l x h) Pages: 872

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Description: If you are instructor in a course that uses "Development Economics" and wish to have access to the end-of-chapter problems in "Development Economics," please e-mail the author at mailto:debraj.ray@nyu.edu. For more information, please go to If you are a student in the course, please do not contact the author. Please request your instructor to do so.

The study of development in low-income countries is attracting more attention around the world than ever before. Yet until now there has been no comprehensive text that incorporates the huge strides made in the subject over the past decade. "Development Economics" does precisely that in a clear, rigorous, and elegant fashion.

Debraj Ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future research. He covers such vital subjects as theories of economic growth, economic inequality, poverty and undernutrition, population growth, trade policy, and the markets for land, labor, and credit. A common point of view underlies the treatment of these subjects: that much of the development process can be understood by studying factors that impede the efficient and equitable functioning of markets. Diverse topics such as the new growth theory, moral hazard in land contracts, information-based theories of