The two chapters following the Introduction point to the role of imperialist considerations in the early economic thought influencing the development discourse. Hugh Goodacre underscores the role of such considerations in William Petty's early colonial development policies, while Utsa Patnaik exposes the fundamental fallacy in David Ricardo's enduringly influencial theory of comparative advantage n international trade. Next, Mehdi Shafaeddin examines the Friedrich List's mid-nineteenth-century 'infant industry' argument, built on the pioneering work of the American 'founding father', Alexander Hamilton. Prabhat Patnaik then highlights Karl Marx's major contributions to development economics. Utsa Patnaik assesses Vladimir Ilyich Lenin's careful treatment of the agrarian question in Russia, contrasting it with the neoclassical economic revival of Chayanov's populist analysis of peasantries. Renee Prendargast assesses Alfred Marshall's contributions to thinking on economic development, suggesting much greater nuance than normally attributed to the father of marginal economic analysis.

Jayati Ghosh highlights the enduring significance of Michael Kalecki's political economic approach to the study of post-colonial economies. John Toye underscores the significance for development economics of several less well-known analytical contributions by John Maynard Keynes. Amiya bagchi then suggests how Nicholas Kaldor advanced Keynesian insights to enhance understanding of economic development. Kari Polanyi Levit highlights the developmental implications of Karl Polanyi's diverse contributions, as well as those of development economics pioneers Raul Prebisch and Arthur Lewis. C.P. Chandrasekhar highlights Alexander Gerschenkron's novel insights for accelerating economic development from his study of economic history. Finally, Kunibert Raffer surveys Hans Singer's consistent advocacy of justice in economic development.

Contents

Preface
Jomo K. S.

1. Why Development Economics?
Prabhat Patnaik

2. William Petty and Some Early Colonial Roots Of Development Economics
Hugh Goodacre

3. Ricardo's Fallacy
Utsa Patnaik

4. Friedrich List and the Infant Industry Argument
Mehdi Shafaeddin

5. Karl Marx as a Development Economist
Prabhat Patnaik

6. Lenin and the Agrarian Question
Utsa Patnaik

7. Alfred Marshall as a Development Economist
Renee Prendergast

8. Michal Kalecki and the Economics of Development
Jayati Ghosh

9 The Significance of Keynes for Development Economics
John Toye

10.Kaldor, Keynes and Economic Development
Amiya Kumar Bagchi

11. Karl Polanyi As A Development Economist
Kari Polanyi Levitt

12. Alexander Gerschenkron and Late Industrialization
C. P. Chandrasekhar

13. Raul Prebisch and Arthur Lewis: The Two Basic Dualities of Development Economics
Kari Polanyi Levitt

14. Hans Singer: Advocating A Fair Distribution Of The Fruits Of Progress
Kunibert Raffer