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What is the ultimate goal of any human society? There have been many answers to this question. But by producing a series of notably well-structured arguments, economist Mahbub ul Haq’s Reflections on Human Development persuaded readers that the goal should be defined quite simply as the requirement that each society improve the lives of its citizens. If this is the agreed aim, Haq continues, then economic development should be designed to support human development. His well-structured reasoning helped development economists recalibrate much of what had previously been regarded as self-evident; that economic productivity was the main barometer of social well being. The work had a profound effect, and Haq’s thinking helped produce a new understanding of what ‘development’ actually meant. Haq conscientiously mapped out arguments and counter-arguments to persuade readers that development did not simply mean an increase in productivity, but rather an increase in human development – the capability of people to live the lives they want to. By bringing the abstract back to the concrete, Haq reevaluated the neoliberal reasoning that suggested economic development necessarily benefitted everybody. And, by virtue of his strong command of reasoning, Haq showed how economic development provided no guarantees that rich people would spend money on improving health, education or other human development outcomes for the poor.
This work explores a new development paradigm whose central focus is on human well-being. Increase in income is treated as an essential means, but not as the end of development, and certainly not as the sum of human life. Development policies and strategies are discussed which link economic growth with human lives in various societies. The book also analyzes the evolution of a new Human Development Index which is a far more comprehensive measure of socio-economic progress of nations than the traditional measure of Gross National Product. For the first time, a Political Freedom Index is also presented. The book offers a new vision of human security for the twenty-first century where real security is equated with security of people in their homes, their jobs, their communities, and their environment. The book discusses many concrete proposals in this context, including a global compact to overcome the worst aspects of global poverty within a decade, key reforms in the Bretton Woods institutions of World Bank and IMF, and establishment of a new Economic Security Council within the United Nations.
Considered his most important work, Mahbub ul Haq's Reflections on Human Development appeared at the end of his career in international development, and consolidates his revolutionary contribution to the discipline.
Considered ‘the most articulate and persuasive spokesman’ for the developing world in the twentieth century, renowned economist Mahbub ul Haq (1934–1998) made a major impact on development philosophy and lending policies of the World Bank. Following the trajectory of four decades from the 1960s to the 1990s, tracking an ideological transition from ‘growth only’ to ‘growth with distribution’, Economic Growth with Social Justice distinctly portrays Haq’s contribution to the larger international development debate. His work is contextualized explaining its significance in shaping development theory, policy, and practice, as a result emphasizing its on-going influence and relevance in contemporary times.
This book draws together the most authoritative articles on development economics published in the past few years, is aimed at undergraduate level and is suitable for students with little or no background in economics.The main themes include poverty, foreign aid, agriculture and human capital and amongst those whose work appears cannbsp;be counted Amartya Sen, Jeffrey Sachs, Jagdish Bhagwati, Joseph Stiglitz, Paul Romer, Dani Rodrik, William Easterly, Robert Barro, Kenneth Arrow, Hernando de Soto, Daron Acemoglu, Muhammad Yunus, Anne Krueger, Abhijit Banerjee, Esther Duflo, Michael Kremer and Martin Feldstein.The reader focuses on the most recent and up-to-date contributions to the field of development economics. Instead of collecting "classic" contributions which are already available through many sources the articles chosen reflect recent developments in the discipline (for instance, in the area of geography and development) and include contributions that address recent events (the dramatic resurgence of a debt relief movement)."The Development Economics Reader" should be an invaluable resource for all students of the discipline.
From the preeminent writer of Taiwanese nativist fiction and the leading translator of Chinese literature come these poignant accounts of everyday life in rural and small-town Taiwan. Huang is frequently cited as one of the most original and gifted storytellers in the Chinese language, and these selections reveal his genius. In "The Two Sign Painters," TV reporters ambush two young workers from the country taking a break atop a twenty-four-story building. "His Son's Big Doll" introduces the tortured soul inside a walking advertisement, and in "Xiaoqi's Cap" a dissatisfied pressure-cooker salesman is fascinated by a young schoolgirl. Huang's characters--generally the uneducated and disadvantaged who must cope with assaults on their traditionalism, hostility from their urban brethren and, of course, the debilitating effects of poverty--come to life in all their human uniqueness, free from idealization.
Exploration and Exploitation is a key text for scholars and business practitioners interested in promoting economic well-being and sustainable growth. March’s work promotes the preservation of companies’ competitiveness and sustainability in the fluctuating market environment by maintaining a balance between exploration and exploitation processes. He explicates that this balance depends on the interchange between the adaptive capability of the company, predictability and consistency, competition, anticipations, level of risk, learning, socialization dynamics within the organization, and the overall environmental turbulence. These intricacies make March’s text invaluable.
Amos Tversky and Daniel Kahneman’s 1974 paper ‘Judgement Under Uncertainty: Heuristics and Biases’ is a landmark in the history of psychology. Though a mere seven pages long, it has helped reshape the study of human rationality, and had a particular impact on economics – where Tversky and Kahneman’s work helped shape the entirely new sub discipline of ‘behavioral economics.’ The paper investigates human decision-making, specifically what human brains tend to do when we are forced to deal with uncertainty or complexity. Based on experiments carried out with volunteers, Tversky and Kahneman discovered that humans make predictable errors of judgement when forced to deal with ambiguous evidence or make challenging decisions. These errors stem from ‘heuristics’ and ‘biases’ – mental shortcuts and assumptions that allow us to make swift, automatic decisions, often usefully and correctly, but occasionally to our detriment. The paper’s huge influence is due in no small part to its masterful use of high-level interpretative and analytical skills – expressed in Tversky and Kahneman’s concise and clear definitions of the basic heuristics and biases they discovered. Still providing the foundations of new work in the field 40 years later, the two psychologists’ definitions are a model of how good interpretation underpins incisive critical thinking.
In Outline of a Theory of Practice, Bourdieu questions the preeminent ideas of social anthropologists such as Levi-Strauss who stressed the structural principles governing human action rather than the actions themselves and, Bourdieu asserts, doesn’t account for all observable nuances of behaviour. Drawing on his fieldwork in Algeria, he expresses the need for a theory of practice focusing on the dynamic flow of human actions in the social world. Bourdieu coins the term ‘habitus’- a relational concept linking structures to the practice of agents. Outline is a significant and original contribution, providing an account of many of the issues Bourdieu continued to develop through his career.
Febvre asked this core question in The Problem of Unbelief: “Could sixteenth-century people hold religious views that were not those of official, Church-sanctioned Christianity, or could they simply not believe at all?” The answer informed a wider debate on modern history, particularly modern French history. Did the religious attitudes of the Enlightenment and the twentieth century—notably secularism and atheism—first take root in the sixteenth century? Could the spirit of scientific and rational inquiry of the twentieth century have begun with the rejection of God and Christianity by men such as Rabelais, writing in his allegorical novel Gargantua and Pantagruel – the work most often cited as a proto-"atheist" text prior to Febvre's study? The debate hinged on some key differences of interpretation. Was Rabelais mocking the structures of the Christian Church (in which case he might be anticlerical)? Was he mocking the Bible scriptures or Church doctrines (in which case he might be anti-Christian)? Or was he mocking the very idea of God’s existence (in which case he might be an atheist)? The other great contribution that Febvre made to the study of history can be found not so much in the fine detail of this work as in the additions that he made to the historian's toolkit. In this sense, Febvre was highly creative; indeed it can be argued that he ranks among the most creative of all historians. He sought to move the study of history itself beyond its traditional focus on documentary records, arguing instead that close analysis of language could open up a gateway into the ways in which people actually thought, and to their subconscious minds. This concept, the focus on "mentalities," is core to the hugely influential approach of the Annales group of historians, and it enabled a switch in the focus of much historical inquiry, away from the study of elites and their deeds and towards new forms of broader social history. Febvre also used techniques and models drawn from anthropology and sociology to create new ways of framing and answering questions, further extending the range of problems that could be addressed by historians. Working together with colleagues such as Marc Bloch, his understanding of what constituted evidence and of the meanings that could be attributed to it, radically redefined what history is – and what it should aspire to be.