Development Economics: An Austrian Perspective

In the post-World War II period, a number of developing countries in Asia and Africa had just gained independence from their colonial masters. Raising living standards for their citizens became the focus of the leaders in these new countries. Development Economics emerged as a distinct field during this time, primarily devoted to economics.

Instructor

GP Manish is a Fellow of the Mises Institute and a Free Market Institute Visiting Scholar at Texas Tech University. He is a recipient of the Mises Institute’s Douglas E. French Prize, George and Joele Eddy Prize, and the O. P. Alford III Prize in Political Economy.

Readings

The readings provided below are extremely helpful in understanding the course material.

• Böhm-Bawerk, The Positive Theory of Capital, Book I, Chapters 1, 2; Book II, Chapters1-6
• Rothbard, Man, Economy and State, Chapter 1, pp. 47-70; Chapters 5-8
• Mises, Human Action, Chapters 18, 19
• Taussig, Wages and Capital, Part I, Chapter 1
• Manish and Powell, “Capital Theory and Inter-Temporal Coordination: The Austrian Contribution to the Theory of Economic Growth”
• Shenoy, B. R., Fifteen Years of Indian Planning
• Manish, “Central Economic Planning and India’s Economic Performance 1951-65”
• Manish, “Market Reforms in India and the Quality of Economic Growth”