Year: 1978
Type: report
Abstract: 5agrarian stagnation_."Doth gr_oup~ [the classicists and physiocrats] viewed pr~duction as the creation of a 'surplus' of tangible wealth ••• available for such 'unproductive' uses as the support of government and the cultural life.[And both] shared the popular belief that agriculture is the only activity which is really pr;ductive.nil In s}lar.pcontrast to this essentially a<>rarian view of both the physio-.c~ :.~~1 en~ the classicists, !':lodcrn ~.,riters, returnini; to a concern ~•ith ;:routh in the under~eveloped uorld after the Second r 1 orld "ar, have r.ade dualism the central focus -:if the~ r <maly_sis .11This en'11rnsis is prinarily ~orne of• tl1a fact that •.~~iile analyzin'."'• ryoor n~...:r lnr~ely.a!"ricultural econoMies they have the vision of the i1ealthy and industrialized -iature :conony before them.~..egardless of analyticn!differences nr.~on~ the•.-;,!:-iplicitl~-~ or explicitly they are intercs ted in the r:irocess of transforr:iation fror.an overwhelmini!lYar:ricultural dualistic econocy to ri n;ature industrial economy.This dualistic outlook on growth is characterized.by the incorporation of a set of new analytical facets of growth which are largely absent in the earlier agrarian way of thinking.Uhile economic events •involving the non-agricultural sector represent a diversion from the main stream of /!.1£.g., p. 335./2 e.g., R. Nurkse~ Problems of Capital Formation in Unde'tdev~loped Countries;A. Lewis, "Development with Unlimited Supplies of Labour", 'Manchester School, 1-fay 1954; Fei, J,C.H. and Ranis, G.
Source: Econstor (Econstor)
Authors: John C. H. Fei, Gustav Ranis
Language: English
Topic: Economic Theory and Policy
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1884907778