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Development: Theoretical and Conceptual Considerations

In: The Relevance of Economic Theories

Author

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  • Celso Furtado

    (University of Paris)

Abstract

Having originated in economics, where emphasis is laid on its quantitative aspects in the form of growth, the concept of development inevitably goes beyond this context, penetrating into the domain of other social science. disciplines, in cases where growth cannot be visualised as a homothetic process, or cannot be understood in the absence of a system of values which the economist is unable to integrate irto his conceptual frame. This ambiguity gives rise to a whole series of problems which have led economists to draw a distinction between development and growth, assuming to the first of these concepts, even when qualified by the adjective ‘economic’, a breadth which perforce transforms it into an interdisciplinary subject.1

Suggested Citation

  • Celso Furtado, 1980. "Development: Theoretical and Conceptual Considerations," International Economic Association Series, in: Jozef Pajestka & C. H. Feinstein (ed.), The Relevance of Economic Theories, chapter 13, pages 200-222, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16443-1_13
    DOI: 10.1007/978-1-349-16443-1_13
    as

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