This article describes the birth and early trajectory of development economics during the 1950s. It shows the European origins of many core concepts of development economics and how they acquired global currency. The article also discusses the links between the birth of the new disciplinary field of development economics and the hegemonic shift between Britain and the United States in the central decades of the twentieth century. Finally, it describes the crisis of the discipline between the 1960s and 1970s.
The Birth of Development Economics: Theories and Institutions
Michele Alacevich is associate professor of economic history and the history of economic thought at the University of Bologna. He is the author of Inequality: A Short History (2018, with Anna Soci), The Political Economy of the World Bank (2009), and Economia Politica. Un’Introduzione Storica (2009, with Daniela Parisi). His articles have appeared in Past and Present, Journal of Global History, History of Political Economy, Journal of the History of Economic Thought, and other journals.
Michele Alacevich; The Birth of Development Economics: Theories and Institutions. History of Political Economy 1 December 2018; 50 (S1): 114–132. doi: https://doi.org/10.1215/00182702-7033884
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