Arthur Lewis and the Classical Foundations of Development Economics

Mauro Boianovsky

A chapter in Including A Symposium on 50 Years of the Union for Radical Political Economics, 2019, vol. 37A, pp 103-143 from Emerald Group Publishing Limited

Abstract: This article provides a detailed investigation of how Lewis revisited classical and Marxian concepts such as productive/unproductive labor, economic surplus, subsistence wages, reserve army, and capital accumulation in his investigation of economic development. The Lewis 1954 development model is compared to other models advanced at the time by Harrod, Domar, Swan, Kaldor, Solow, von Neumann, Nurkse, Rosenstein-Rodan, Myint, and others. Lewis applied the notion of economic duality to open and closed economies.

Keywords: Lewis; classical economics; Marx; dual economies; economic development; capital accumulation; B12; B29; B31 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rhetzz:s0743-41542019000037a009

DOI: 10.1108/S0743-41542019000037A009

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