Description
Book SynopsisTraditional development economics has recently been revolutionized by the application of new economic tools and concepts. Development Microeconomics is the first in a series of books which will look at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics. The main new conceptual tool used is the application of the theory of imperfect information and the effects this has on the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the necessity of balance in dealing with many of the classic problems in development studiesthe importance of both the individual as economic agent and cultural norms as the framework of social behaviour; the dual relationship between equity and efficiency in economic policy-making; the importance of market rivalry and the potenti
Trade ReviewThis is an excellent book. It is a comprehensive survey of the issues of the household economy in developing countries ... essential reading not only for graduate students, but also for anyone intending to do research in development economics ... It sure made me want to read more. * Pushkar Maitra, Economic Record, Vol.76, No.234, Sept 2000 *
Table of ContentsIntroduction ; Household Economics ; Population ; Fragmented Markets: Labour ; Migration ; Rural Land Market ; Fragmented Credit Markets ; Risk and Insurance in an Agricultural Economy ; Interlinkage of Transactions and Rural Development ; Human Capital and Income Distribution ; Poverty Alleviation: Efficiency and Equity Issues ; Technological Progress and Learning ; Environment and Development ; Trade and Development ; The Dual Economy ; Intersectoral Complementarities and Coordination Failures ; Instiutional Economics and the State in Economic Development
