The Anatomy of 'Failures' (Presidential Address)

Syed Nawab Haider Naqvi


Development economics, in its bid to attract the attention of
the somewhat unchivalrous economists, has worn many masks in the
intellectual ball that has been going on since 1950. And it has indeed
been variously recognized by the dazzled economists - as a relentless
pursuer of growth at all cost, Arthur Lewis (1954); a passionate
advocate of economic justice and a purveyor of basic needs for the poor
and the needy, Paul Street en (1981); a crusader against 'dependency' on
some real or abstract centre, Samir Amin (1976); a revolutionary with a
cause to eliminate the last traces of imperialism, feudalism and
capitalism, Paul Baran (1952); a tame &alancer of growth, equity and
individual liberty, Hollis B. Chenery (1983); and a pretender to the
throne in a realm that rightly belongs to neo-classical economics,
Deepak Lal (1983).

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