Development: Theoretical and Conceptual Considerations

Celso Furtado

Chapter 13 in The Relevance of Economic Theories, 1980, pp 200-222 from Palgrave Macmillan

Abstract: Abstract Having originated in economics, where emphasis is laid on its quantitative aspects in the form of growth, the concept of development inevitably goes beyond this context, penetrating into the domain of other social science. disciplines, in cases where growth cannot be visualised as a homothetic process, or cannot be understood in the absence of a system of values which the economist is unable to integrate irto his conceptual frame. This ambiguity gives rise to a whole series of problems which have led economists to draw a distinction between development and growth, assuming to the first of these concepts, even when qualified by the adjective ‘economic’, a breadth which perforce transforms it into an interdisciplinary subject.1

Keywords: Foreign Trade; Technological Progress; Capitalist Society; Underdeveloped Country; Capitalist System (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-16443-1_13

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