In and against Development: From New to Newest Development Economics

Ben Fine, Ph.D. (1974), London School of Economics, is Emeritus Professor of Economics at SOAS University of and Visiting Professor at Wits School of Governance, University of Witwatersrand, South Africa. His most recent books include Material Cultures of Financialisation, co-edited with Kate Bayliss and Mary Robertson (Routledge, 2018); Race, Class and the Post-Apartheid Democratic State, co-edited with John Reynolds and Robert van Niekerk (University of KwaZulu-Natal Press, 2019); and A Guide to the Systems of Provision Approach: Who Gets What, How and Why, with Kate Bayliss (Palgrave, 2021). His Marx’s ‘Capital’ (Pluto, 2016) is now in its sixth edition (with co-author Alfredo Saad-Filho). He was founding Chair of the International Initiative for Promoting Political Economy (iippe.org) until June 2023.

• Preface1 Introduction: Towards a History of Development EconomicsPostscript as Personal Preamble1 The Paradoxes of Development2 From Economics to Economics Imperialism3 From Pre-washington Consensus …4 … to Post Washington Consensus5 Twixt Development Economics …6 … and Development Studies7 Future Prospects2 Entitlement Failure?Postscript as Personal Preamble1 Introduction2 The Entitlement Approach as Such3 Is the Entitlement Approach Micro or Macro?3.1 Establishing Entitlements?3.2 Classes, Value and Economic Theory3.3 Approach and Method4 The Specificity of Food5 Concluding Remarks3 Economics and Ethics: Amartya Sen as Starting PointPreamblePostscript1 Introduction2 From Social Choice to Development as Freedom3 Conclusion4 Economics Imperialism and the New Development Economics as Kuhnian Paradigm ShiftPostscript as Personal Preamble1 Introduction2 Neo-liberalism, Postmodernism and Economics Imperialism3 Post Washington Consensus as Kuhnian Revolution?4 The Prospect Ahead by Way of Conclusion5 New Trade Theory Versus Old Trade Policy: A Continuing EnigmaPostscript as Personal Preamble1 Introduction2 Conventional Arguments for Trade Liberalisation3 New Trade Theory3.1 Market Imperfections and Strategic Behaviour3.2 Links with New Growth Theory3.3 Political Economy Arguments4 Empirical Evidence4.1 Cross-Country Research4.2 Industry and Firm-Level Studies5 Concluding Remarks6 A Formal Note on New Theories of International Trade and DevelopmentPostscript as Personal Preamble1 Introduction2 Model of Type i3 Type ii Models4 Concluding Remarks7 Beyond the Developmental StatePostscript as Personal Preamble1 The Lecture8 Locating Industrial Policy in Developmental Transformation: Lessons from the Past, Prospects for the FuturePostscript as Personal Preamble1 Introduction2 From Defining Industrial Policy …3 … to the Developmental State as Such3.1 The Evolution of the dsp4 Financialisation and Economic Structure4.1 Financial Liberalisation after the Bretton-Woods Period4.2 Corporate Restructuring, Value Chains and Financialisation4.3 Financialisation of Nonfinancial Corporations5 Neoliberalism, Financial Liberalisation and Financialisation in Developing Countries6 Developmentalism within the Neoliberal Era7 Concluding RemarksReferencesIndex