International Dependence Theory
The linear stages of growth and structural change models were severely limited in their ability to explain situations of the kind faced by less developed […]
Continue reading »Category: Economics
Community Organisation in the United Kingdom
British community work emerged from the charity work of the Anglican Church and the University Settlement Movement. It was primarily a response to the suffering […]
Continue reading »Features of Schumpeter theory of development
The two important contributions to theory of economics development by Schumpeter are “entrepreneur” the actors of development and “innovation” the actions of development. The three key features […]
Continue reading »The Theory of Capital Accumulation
Marx propounded the theory of capital accumulation. Marx contends that under static conditions capitalists are compelled to accumulate due to two reasons i) The emergence of […]
Continue reading »Marxian philosophy
Before going into the Marxian theory of development, it is essential to know about Marxian philosophy. Marx’s philosophy is known as Dialectical Materialism. According to his philosophy, […]
Continue reading »Solow’s model
As an alternative to Harrod Domar’s model of growth, Noble Laureate Professor R. M. Solow build his model by assigning diminishing returns to labour and capital separately […]
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