
The Poverty of "Development Economics"
Deepak Lal(Author)
MIT Press
2nd Edition
Published on 11. September 2000
Book
Paperback/Softback
195 pages
978-0-262-12234-4 (ISBN)
Description
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.
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.
More details
Edition
2nd edition
Language
English
Place of publication
Cambridge, Mass.
United States
Publishing group
MIT Press Ltd
Target group
College/higher education
Professional and scholarly
Product notice
Paperback (trade)
Dimensions
Height: 203 mm
Width: 152 mm
Thickness: 0 mm
Weight
0 gr
ISBN-13
978-0-262-12234-4 (9780262122344)
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Schweitzer Classification
Person
Deepak Lal is the James S. Coleman Professor of International Development Studies at the University of California, Los Angeles.