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Rethinking development

In: A Modern Guide to Rethinking Economics

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  • Esteban Pérez Caldentey

Abstract

This chapter argues that the unsatisfactory performance and dim future prospects of developing economies demand rethinking the theoretical foundations of development economics by fostering a dialogue and collaboration between structuralist and post-Keynesian economics. This collaboration can be centred on five themes: (i) a methodological approach based on historical trends and measurement; (ii) the characterization of the system of economic relations around the concepts of centre and periphery; (iii) the relation between income distribution, accumulation and economic growth; (iv) the central role of demand and (v) the role of the State.

Suggested Citation

  • Esteban Pérez Caldentey, 2017. "Rethinking development," Chapters, in: Louis-Philippe Rochon & Sergio Rossi (ed.), A Modern Guide to Rethinking Economics, chapter 13, pages 240-262, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16503_13
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    Keywords

    Economics and Finance;

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