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Impossible Theorem and Possibilities of Development Studies

In: Political Economy of Development and Business

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  • Bhabani Shankar Nayak

    (University for the Creative Arts)

Abstract

This chapter evaluates the ‘impossibility theorem’ of development studies. It is imperative to reject the ‘impossibility theorem’ based on essentialist perspectives and performative indicators of economic growth and development. It is necessary to revive the radical promise of Development Studies as a discipline to address the issues and predicaments of people and their societies around the world. A simple rejection of the ‘impossibility theorem’ is not possible unless Development Studies reassert itself as a critical discipline to analyse, understand and guide social, economic and cultural transformations based on historical experiences. The chapter argues that Development Studies have to be free from the influences of economics and its model-driven logic and revive its emancipatory language of transformation in our society.

Suggested Citation

  • Bhabani Shankar Nayak, 2022. "Impossible Theorem and Possibilities of Development Studies," Springer Books, in: Political Economy of Development and Business, chapter 0, pages 75-91, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-11093-1_5
    DOI: 10.1007/978-3-031-11093-1_5
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