The past 50 years have seen marked changes in our understanding of development. We know that development is possible, but not inevitable. We have had a wealth of experiments. There are clearly no surefire formulas for success; if there were, there would be more successes. Some strategies seem to work for a while and then stall; some strategies seem to work in some countries and not in others.1 ...

PREFACE THE following pages owe their origin to a short course of lectures on Theories of Economic Policy which I delivered at the London School of Economics in 1939. The main views which they contain were all set forth in the two lectures there devoted to the Classical system. But the limitations of time within which I had to work left me dissatisfied with my treatment andl contemplated a furt...

G theory had its beginnings in economics as a separate topic of analysis, practiced by a cadre of specialists. It has since become commonplace. Every economist is acquainted with the basic ideas, often without notice, and there is free movement between the use of game theory and other techniques. This incorporation as a standard economic tool has helped shape the nature of game theory itself—th...

1 ©Meir Kohn 2014 CHAPTER 1. A NEW THEORY OF ECONOMIC PROGRESS Discussion of the lack of economic development in much of the world often begins by asking, “Why can’t they be more like us?”—us being the developed nations. What is it they lack? A common answer is that they lack the necessary resources: if we just pour enough money into the underdeveloped world, it will develop. However, developme...

Much economic theory, especially the orthodox variety, keeps away from structural methods and makes little or no reference to social structure: the word ‘structure’ is used only rarely and casually, so that its sense remains unclear. This paper argues that economics might gain from a richer, more fluid treatment of social structure, as proposed in recent social theory. After considering the str...

This paper discusses modern macroeconomic and financial models in the light of the current crisis. Theory has been revealed to be inadequate in its explanation of the origins and the nature of the crisis, as Jean-Claude Trichet the Governor of the European Central bank and his colleagues at other central banks have indicated. Basic macroeconomic models, however sophisticated have continued to b...

The potential usex of public resources and powers to improve the economic stuius of economic groups (such as industries and occupations) are analyzed to provide a scheme of the demand for regulation. The characteristics of the political process which allow relatively small groups to obtain such regulation is then sketched lo provide elemenls of a theory of supply of regulation. A variety of emp...