This volume, first published in 1982, is a collection of original essays written to honour Professor W. Arthur Lewis, 1979 co-winner of the Nobel Prize in economics. The authors, an international group of distinguished scholars, address a varied set of specific issues reflecting Professor Lewis’ research interests, covering topics which include: technological change in agriculture, analyses of unemployment and income distribution, the role of government policy in the development process, the historical record of development, and the relationship between developed and developing nations.
The book will be of interest to both the academic researcher and practicing professionals in the international organisations and national governments, and are particularly appropriate to graduate courses in economic development, cost-benefit analysis and economic history.
Table of Contents
1. On Arthur Lewis’ Contributions to Economics 2. W. Arthus Lewis: An Appreciation Part I: The Dual Economy 3. Lewis and the Classicists 4. The Pattern of Shift of Labour Force from Agriculture, 1950-70 5. Food Price Inflation, Terms of Trade and Growth 6. Alternative Theories of Wage Determination and Unemployment: The Efficiency Wage Model 7. Agricultural Development, Education and Innovation 8. Uncertainty, Information and the Inflation Tax in Poor Countries Part II: The Open Economy 9. Unequal Exchange in a Lewis-type World 10: Protection and Growth in a Dual Economy 11. Lessons of Experience under Fixed Exchange Rates 12. Currency Baskets and Real Effective Exchange Rates 13. Negotiating International Economic Order Part III: Cost Benefit and Planning 14. General Equilibrium Theory, Project Evaluation and Economic Development 15. The Economics of Pollution Control 16. Planning and Dual Values of Linearized Non-linear Problems: A Gothic Tale Part IV: Economic History and History of Thought 17. Economic Growth and Stagnation in the United Kingdom before the First World War 18. The Cyclical Pattern of Long-term Lending 19. Inter-Country Diffusion of Economic Growth, 1870-1914 20. Latin America in Depression, 1929-39 21. Indian Industrialisation Before 1945 22. The Rise and Decline of Development Economics