Can Labor‐capital Models Predict the Responses of Agrarian Societies to Development? Part I
Problems With Development Economics
Bibliographic Data
| ID | 7579331 |
|---|---|
| Authors | David H Smiley (Macquarie University, corresponding author) |
| Year | 1995 |
| Volume | 54 |
| Issue | 4 |
| Pages | 489-489 |
| Publication date | 1995-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.1995.tb03254.x |
| OpenAlex | W2056388499 |
| Language | EN |
| Citations received | 1 |
| References cited | 16 |
A bstract Development efforts and economics have relied upon two‐factor, capital and labor neoclassical economic models. Failures have occurred when they were applied to agrarian societies where the ownership of land rent dictates particular institutional forms that engender resistance to development. It is argued that there is a need for a new three‐factor development theory which explicity models land and its rent. Ideas of Smith, Ricardo, George and Samuelson are assembled as a basis for a computer simulation model that explores landed institutions and the land value flows resulting from different development strategies. Part II, a subsequent article in this Journal, sets forth the models
Agrarian society · Agriculture · Capital (architecture) · Development (topology) · Economic system · Economics · Geography · Neoclassical economics · Value (mathematics) · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy · Mathematics
Land reform in principle and practice
Making a Miracle
A Classical Theory of the Informal Sector
Twenty-five years of Economic Development” revisited
Institutions and economic growth
Dissent on Development
A Study in Agricultural Backwardness Under Semi-Feudalism
Development
Land Reform
Endogenous Innovation in the Theory of Growth
The Origins of Endogenous Growth
Perspectives on Growth Theory
Economic Development and Underdevelopment
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1997 - 1997 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |