101. The Aptly or Wrongly Named Development Economics: An Introduction to New Perspectives and Models.
- Author
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Bracarense, Natalia
- Subjects
- *
DEVELOPMENT economics , *ECONOMIC history , *POST-World War II Period , *BUSINESS cycles ,UNITED States economy - Abstract
Since the inception of development economics in the post-World War II period, most of its proponents have prescribed the adoption of western institutions as the path for prosperity; the unequivocal solution for poverty, illiteracy, hunger, inequality, and violence in the world. In the second article, Furtado ([[11]] [11]) discusses the impossibility for underdeveloped countries to emulate the pattern of development of countries in the core of the market system. Fabio H. Terra, Fernando Ferrari Filho, and Pedro Cezar Fonseca ([28]) show that, for John Maynard Keynes ([14]), development did not unfold naturally from the evolution of market institutions but had to rather be actively and collectively pursued. Keynes's faith on State bureaucracy and technocracy prompted him to propose an I Agenda i , where the State would lead socialization of investment and the euthanasia of the rentier in favor of the establishment of full employment (Keynes [15], chapter 24). [Extracted from the article]
- Published
- 2021
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