In the last few decades development Economics has emerged as an area of renewed
interest because of several factors, including the remarkable growth of some
developing economies, the massive international Debt build-up of others, and the
emergence of the theory of Agrarian organization.
This book, a revision of Basu's celebrated The Less Developed Economy : A
Critique of Contemporary Theory, deals with theoretical issues in this important
area of Research and policy-making. It incorporates recent theoretical advances
in its comprehensive, up-to-date treatment of the subject. The Author draws on a
wide range of evidence and anthropological insights, including his own field
experience to keep the theory grounded