By Masudul Alam Choudhury
ISBN-10: 0312083556
ISBN-13: 9780312083557
ISBN-10: 1349130559
ISBN-13: 9781349130559
ISBN-10: 1349130575
ISBN-13: 9781349130573
A learn of ethico-economic theorizing on socio-economic improvement, this booklet examines severely the perspectives at present held by way of theoreticians' complete thought of the area view in improvement concept, then reconsiders quite a few international matters, either in theoretical and utilized perspectives.
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Extra info for Comparative Development Studies: In Search of the World View
Sample text
This concept in tum leads to the pricing of goods in exchange, which in this case are economic efficiency and distributive equity. The valuation of these goods subsequently yields the marginal rates of return on them. Hence, the marginal rate of substitution between alternatives, being the result of the neo-classical axiom of economic rationality and the assumptions characterizing economic The Concept of the World View 27 rationality, becomes an impediment in realizing the Stockholm Initiative's desired world view.
The three precepts together, namely the common democratic weal, the·analytical and the empirical bases of such global ethics, are today voiced through the demand by the developing countries of the South for greater economic and political justice from the North. 4s The imputation and analysis of problems in the perspective of the North-South debate and in the light of global ethics opens up a theoretical and institutional study that truly gives comparative development study a direction independent of the unstable Burocentric essence of mainstream economics for the developing countries.
Yet he could not answer the nature of price formation in such a general equilibrium system. Marx 18 Comparative Development Studies did not formalize a theory of markets or prices. Hence, the question of value formation emanating through polity-market interactions did not arise in Marxist thought. It can therefore be concluded that there has not emerged a world view in economic theory, other than the recognition of market media for the formation of price and value. It is essentially in the perspective of polity-market interactions that economic theory can merge with a theory of democracy.
Comparative Development Studies: In Search of the World View by Masudul Alam Choudhury
by Joseph
4.5