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Africa, the Next Intellectual Frontier  

Célestin Monga and Justin Yifu Lin

Print publication date:
Jul 2015
Online publication date:
Jan 2015
This introductory chapter presents the objectives of this volume and discusses the challenges of producing relevant knowledge. It starts with an exploration of the reasons why Africa has ... More

The Capital-Using Economy  

Peter Lewin and Howard Baetjer Jr.

Print publication date:
Nov 2015
Online publication date:
Dec 2015
Capital theory is fundamental to everything else in Austrian economics. It lies at its core, implicit in discussions of monetary policy, the business cycle, the entrepreneur, and the ... More

Christianity and the Prospects for Development in the Global South  

Peter S. Heslam

Print publication date:
Feb 2014
Online publication date:
Mar 2014
There are two key facts about development that are obvious yet often overlooked: the solution to material poverty is material wealth and the only sphere of society that generates such ... More

Constitutional Political Economy and Austrian Economics  

Mark Pennington

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter draws on key concepts from the Austrian school of economics to consider both the practical implications for and the ethical evaluation of the ideal constitutional schemes ... More

Economics and Culture in Africa  

Felwine Sarr

Print publication date:
Jul 2015
Online publication date:
Jan 2015
This chapter examines the articulation of two powerful determiners of individual and collective actions in the African context—culture and economy—from a point of view that could be called ... More

Faith, Religion, and International Development  

Katherine Marshall

Print publication date:
Feb 2014
Online publication date:
Mar 2014
Discussion of faith, religion, and development often raises controversy, including over terminology. This chapter considers the various formal dialogues among development practitioners and ... More

From Subsistence to Advanced Material Production: Austrian Development Economics  

G.P. Manish and Benjamin Powell

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter provides a summary of the lessons that the Austrian theory of capital holds for the field of development economics. It provides an introduction to the concepts of the structure ... More

The Idea of Economic Development: Views from Africa  

Hippolyte Fofack

Print publication date:
Jul 2015
Online publication date:
Dec 2014
Although development generally refers to a broad concept, the quest for development in sub-Saharan Africa has been biased by ideological considerations which made abstraction of local ... More

Keynes and Economic Development  

Tony Thirlwall

Print publication date:
Sep 2013
Online publication date:
Oct 2013
John Maynard Keynes was not a development economist as the description is used today. He did not address directly issues of national or international poverty and income distribution; only ... More

The Market Process Theory Perspective on Capitalism: Normative Facets and Implications  

Paul Dragos Aligica

Print publication date:
Nov 2015
Online publication date:
Dec 2015
This chapter starts with a brief comparative overview of the distinctive theoretical core of market process theory, preparing the way for a systematic presentation of what the capitalist ... More

On Your Mark, Get Set, Develop!: Leadership and Economic Development  

Scott A. Beaulier and Daniel J. Smith

Print publication date:
Nov 2015
Online publication date:
Dec 2015
One of the lingering questions for development economists is that of economic transition and whether development can be promoted by a strong political leader. Earlier writings on leadership ... More

Post-Keynesian Perspectives on Economic Development and Growth  

Peter Kriesler

Print publication date:
Sep 2013
Online publication date:
Oct 2013
As history, institutions, and social and political forces specific to any economy have a profound effect on that economy’s dynamics, it is important to understand how these have evolved ... More

The Rule of Experts  

Roger Koppl

Print publication date:
Nov 2015
Online publication date:
Dec 2015
The division of labor creates a division of knowledge, which creates expertise and the problem of experts. The rule of experts exists when experts have an epistemic monopoly and choose for ... More

Thoughts on Development: The African Experience  

François Bourguignon

Print publication date:
Jul 2015
Online publication date:
Dec 2014
A “corpus of knowledge” about the mechanisms of development has been accumulated over decades, and shows an extraordinary variability in its mechanisms in space and time, in the constraints ... More

What Have We Learned from the Collapse of Communism?  

Olga Nicoara and Peter Boettke

Print publication date:
Nov 2015
Online publication date:
Dec 2015
Following the collapse of communism in central and eastern Europe (1989) and the Soviet Union (1991), the field of comparative political economy has undergone multiple stocktakings and ... More

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