| 1652 | The Dutch establish a settlement at Cape Town, South Africa. | |
| 1712 | A slave revolt breaks out in New York City. | |
| 1798 | The territory of Mississippi is organized. | |
| 1914 | The British House of Commons passes the Irish Home Rule Bill. | |
| 1922 | U.S. Secretary of Interior leases the Teapot Dome naval oil reserves in Wyoming. | |
| 1963 | Yugoslavia proclaims itself a Socialist republic. | |
| 1980 | The United States breaks relations with Iran. | |
| Born on April 7 | ||
| 1770 | William Wordsworth, English poet laureate (“The Prelude,” “Lyrical Ballards”). | |
| 1860 | W.K. Kellogg, cereal magnate and health guru. | |
| 1915 | Billie Holiday (Eleanora Fagan), jazz and blues singer. | |
Chapter 2 – Reflections on the Foundations of Development Policy Analysis
There
is a persistent tendency in economic development circles to jump to
policy conclusions without entertaining more fundamental explanations of
empirical patterns. After reviewing several examples in the field of
agricultural development, I provide an alternative paradigm for
understanding behavior and organization. Despite the increased
sophistication and vast access to data, modern theories and empirical
methods have yet to focus adequately on developing fundamental methods
for advancing policy analysis through the nature, causes, and consequences
paradigm. This assessment points to promising avenues for future
research. Two such areas singled out for further attention are
black-hole economics and the coevolution of specialization and economic
development.
Keywords
JEL
Copyright © 2015 Elsevier Inc. All rights reserved.
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Saturday, 16 April 2016
April 7
April 7
