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4 - Early Development Theory from Sun Yat-sen to Ragnar Nurkse

Published online by Cambridge University Press:  05 March 2012

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Summary

Introduction

Though Rosenstein-Rodan's (1943) ‘Problems of Industrialisation of Eastern and South-Eastern Europe’ is often attributed as being the work that initiated the birth of development economics as a field, as argued by Chakravarty (1983), a broader reading of the relevant literature shows that the theoretical formation of development economics and the discussion on the pertinent ideas began much earlier as a thorough theoretical and history of thought analysis of Allyn Young's classical endogenous growth vision shows (see Perälä 2002, 2006). Interestingly, there are other earlier contributions in the field of economic development consistent with the classical endogenous growth process, most notably a number of contributions by Sun Yat-sen: San Min Chu I: The Three Principles of the People (1953a), The International Development of China (1922), and Fundamentals of National Reconstruction (1953b), some written over four decades and published nearly two decades before the heralded work by Rosenstein-Rodan, to which a mere mention or limited recognition exists in the contemporary economics literature. Given the breadth of his development analysis and writings, Sun Yat-sen, though largely neglected by the profession, can be considered to be one of the earliest pioneers of economic development.

Given that Sun Yat-sen was much more of a development practitioner than an academic economist, interesting aspects in his development perspective are apparent. Most notably, his analysis is not limited by the theoretical body of thought or motivated by the shortfalls of the neoclassical economics analysis that was gaining prominence within the academic economic circles at the time and has become dominant especially during the latter half of the twentieth century.

Type
Chapter
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Ragnar Nurkse (1907–2007)
Classical Development Economics and its Relevance for Today
, pp. 79 - 102
Publisher: Anthem Press
Print publication year: 2009

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