Epistemics of Development Economics: Toward a Methodological by Kofi Kissi Dompere,Manzur Ejaz

By Kofi Kissi Dompere,Manzur Ejaz

The powerful use of improvement fiscal theories in perform is restricted, the authors contend, through the inability of specific criterion for judging their clinical content material. The directional growth of serious study and educating can also be limited through this deficiency. This research advances a meta-theory designed to help in comparing the clinical validity of theories in monetary improvement and the way those theories may be enhanced to help social perform. utilizing this version, the learn then examines current theories, dividing them into explanatory and prescriptive theories. The explanatory theories comprise the stage-based theories of Marx, Schumpeter, and Rostow, and factor-based theories, together with capital-based, human-capital-based, and technology-based theories. The prescriptive theories comprise explanatory-theory-based prescriptions, interventionist prescriptive theories, and theories of financial planning.

In end, the authors contend that glossy research of improvement economics is plagued with logical ills, deceptive notions, and a vulnerable theoretical constitution that lacks clinical charm. many of the theories, aside from these of Marx and Schumpeter, overlook an research of the mechanism of change.

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