Theory and Reality in Development

1. Front Matter

   Pages i-xii

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2. Paul Streeten: an Appreciation

   • Hugh Stretton

   Pages 1-27

3. Adam Smith’s Prudence

   • Amartya Sen

   Pages 28-37

4. Stagflation and The Third World

   • Wilfred Beckerman

   Pages 38-57

5. Recession, Rent and Debt: Quasi-Ricardian and Quasi-Keynesian Components of Non-Recovery

   • Michael Lipton

   Pages 58-86

6. Proposal for an IMF Debt Refinancing Subsidiary

   • Mahbub Ul Haq

   Pages 87-94

7. Alternative Approaches to North-South Negotiations

   • Frances Stewart

   Pages 95-114

8. Extending Free Trade to Include International Investment: a Welfare-Theoretic Analysis

   • Jagdish N. Bhagwati, Richard A. Brecher

   Pages 115-121

9. The Third World and Comparative Advantage in Trade Services

   • Sanjaya Lall

   Pages 122-138

10. Outward Orientation, Import Instability and African Economic Growth: an Empirical Investigation

    • G. K. Helleiner

    Pages 139-153

11. The Early 1980s in Latin America: The 1930s One More Time?

    • Carlos F. Diaz-Alejandro

    Pages 154-164

12. Communal Land Tenure Systems and their Role in Rural Development

    • Keith Griffin

    Pages 165-191

13. World Food Security: National and International Measures for Stabilisation of Supplies

    • Nurul Islam

    Pages 192-216

14. Bureaucratic, Engineering and Economic Men: Decision-Making for Technology in Tanzania’s State-Owned Enterprises

    • Jeffrey James

    Pages 217-239

15. East—South Trade

    • Deepak Nayyar

    Pages 240-269

16. Back Matter

    Pages 270-291

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This collection of papers by some of the world's leading development economists is remarkable for its wide scope. It covers such varied topics as stagflation in the third world; the extension of free trade to include international investment; the early 1980s in Latin America; the economic growth of Africa and communal land tenure systems and their role in rural development. As well as representing important contributions in themselves, the papers acquire unity from a similarity in approach - always giving priority to reality if it comes into conflict with theoretical bias.

• conflict
• decision making
• development
• economic growth
• growth
• instability
• investment
• John Maynard Keynes
• Keynes
• science and technology
• service
• stability
• trade
• welfare

• Institute of Economics and Statistics, Oxford, UK

  Sanjaya Lall

• Green College Oxford, Oxford, UK

  Sanjaya Lall

• Institute of Commonwealth Studies, Oxford, UK

  Frances Stewart

• Somerville College, Oxford, UK

  Frances Stewart

Frances Stewart is Emeritus Professor of Development Economics, Emeritus Fellow of Somerville College and Director of the Centre for Research on Inequality, Human Security and Ethnicity (CRISE), University of Oxford, UK. Among many publications, she is the co-author of UNICEF’s influential study Adjustment with a Human Face and author of Horizontal Inequalities and Conflict. She has directed a number of major research programmes including several financed by the UK Government’s Department for International Development and has served as Chair of the United Nations Committee on Development Policy.

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