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The evolution of idea of socio-economic development

Author

Listed:
  • Michał Litwiński

    (Poznan University of Economics and Business)

Abstract

Motivation: The way of understanding of development concept in economics has been changing since the beginning of the discipline: from economic growth, through economic development to socio-economic development. The author of the paper believes that it is important to indicate features of socio-cultural context that shape understanding of this phenomenon. It will make it possible to explain why and how the understanding of development in economics has changed and appropriately understand definitions of this process that are proposed by contemporary researchers. Aim: The purpose of the paper is to reconstruct features of socio-cultural context in which it has changed the way of understanding of development concept in economics. Results: Division of economic development and economic growth took place in 1960s. Change of understanding of development concept was caused by the following factors: (1) influence of new sociological and philosophical ideas, (2) historical events (mainly the Second World War and decolonisation process), (3) growing meaning of formalism and scientism in economic considerations, (4) appearance of mechanistic ideas in economics, (5) international cooperation for development that allows to formulate preferred development goals.

Suggested Citation

  • Michał Litwiński, 2017. "The evolution of idea of socio-economic development," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 16(4), pages 449-458, December.
    • Handle: RePEc:cpn:umkeip:v:16:y:2017:i:4:p:449-458
    DOI: 10.12775/EiP.2017.031
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    References listed on IDEAS

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    1. Sachs, Wolfgang, 2000. "Development: The rise and decline of an ideal," Wuppertal Papers 108, Wuppertal Institute for Climate, Environment and Energy.
    2. Anonymous, 1961. "United Nations Educational, Scientific, and Cultural Organization," International Organization, Cambridge University Press, vol. 15(2), pages 306-309, April.
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    More about this item

    Keywords

    socio-economic development; economic growth; social development; socio-cultural context;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General

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