We survey the six issues of the Journal of Development Economics that were published in 2002 in an effort to test the proposition that the field of development economics has been transformed by the institutional choice perspective in economics and political economy, and by the accumulating evidence on the failed policies of development assistance. These radical departures from business as usual research in development economics are evident in scholarly books, popular books, and public policy discussions. As we document, however, neither the theoretical perspective of institutional economics nor the empirical record of failed policy have had that significant of an impact on the field of development economics as reflected in the Journal of Development Economics. We find that the research agendas of scholars in the field mirror the research mandates of the leading international agencies and that the mode of argumentation attempts to mimic the professional biases in the economics profession toward formalism, and both of these forces conspire to limit the creativity and engagement with real problems of public policy by the "Development Set."
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Article provided by Atlas Economic Research Foundation in its journal Econ Journal Watch.
Volume (Year): 1 (2004) Issue (Month): 2 (August) Pages: 306-318 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Simeon Djankov & Edward L. Glaeser & Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 2003.
"The New Comparative Economics,"
NBER Working Papers
9608, National Bureau of Economic Research, Inc.
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