On Some Neglected Topics in Development Economics (Quaid-i-Azam Lecture)

M. Ali Khan

Abstract


In this lecture I shall present to you a variety of topics
which are typically not dealt with in textbooks of development economics
and whose study, it seems to me, will advance the understanding of Our
subject. If there is any commonality in the topics that I choose, it
lies more in the underlying method of investigation than in substance.
What I hope to bring out is the importance and fruitfulness of economic
theory - particularly neoclassical economic theory - in giving us
insight not only into topical questions but also into the structure of
the economic systems concerning which these questions are posed. In
addition, I hope to emphasize what any theoretical result makes
explicit; namely that it is based on assumptions and to the extent that
it increases our understanding of a particular economic phenomenon, it
also increases our lack of understanding of all those economic phenomena
not covered by those assumptions.

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DOI: https://doi.org/10.30541/v24i3-4pp.237-263

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