Economic Theory and Under-developed Regions

abstract advanced countries analysis arguments assumption basis become capital chapter circular causation classical economists colonial conservatism cumulative process demand democracy developed countries Development of Economic direction dynamic economic development economic planning economic theory equalisation equality doctrine equality ideal equality of opportunity explanation export factors factors of production free trade doctrine groups harmony of interests implies important income increase individual industrial inherited interferences international economic inequalities international inequalities international trade investment Knut Wicksell labour laissez-faire logical market forces ment moral national plan natural law Negro non-economic opportunistic organisations particular physiocrats point of view political poor poorer countries population poverty price system problems production profit rationalisation realisation reasons reforms regional inequalities relations result richer countries scientific social science society spread effects stable equilibrium tend tendency theory of international tion tradition under-developed countries under-development and development usually utilitarianism valuations value premises welfare whole