The Poverty of "Development Economics"
1983 book by Deepak Lal / From Wikipedia, the free encyclopedia
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The Poverty of "Development Economics" is a 1983 book by Deepak Lal. Adam Szirmai notes that this book "summarised and popularised much of the earlier criticisms on the dominant paradigm" in development economics and that it "was an influential publication which contributed to the enormous shift in thinking about development."[1] The dominant paradigm that he was criticising is described by Lal as the "dirigiste dogma". However, this has been criticised with claims that Lal overstated his case claiming that those he criticised had wanted to "supplant" rather than supplement the price and market system, but that he failed to provide evidence for this.[2]