IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v19y1980i2p143-157.html
   My bibliography  Save this article

Western Textbook Theory and the Developing Countries

Author

Listed:
  • ANTHONY BOTTOMLEY

    (University of Bradford, England.)

Abstract

This paper deals with the adaptation of traditional Western textbook economic theory to the problems of developing countries. It treats wages, rents and interest together with Keynesian and classical economy-wide models from this standpoint. The value of labour's marginal product will vary with the wage, rents with the land tenure system and interest rates with the size of and security on a loan. Inflationary Keynesian-inspired growth is likely to be unacceptable. Advance must therefore occur in a supply-originated classical manner.

Suggested Citation

  • Anthony Bottomley, 1980. "Western Textbook Theory and the Developing Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 19(2), pages 143-157.
    • Handle: RePEc:pid:journl:v:19:y:1980:i:2:p:143-157
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/1980/Volume2/143-157.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anonymous, 1957. "International Monetary Fund," International Organization, Cambridge University Press, vol. 11(1), pages 176-179, January.
    2. Anthony Bottomley, 1964. "The Structure of Interest Rates in Underdeveloped Rural Areas," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(2), pages 313-322.
    3. Muhammad Zubair Khan, 1979. "Estimation of Shadow Prices for Project Evaluation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 18(2), pages 129-145.
    4. Anonymous, 1957. "International Monetary Fund," International Organization, Cambridge University Press, vol. 11(4), pages 683-686, October.
    5. Anthony Bottomley, 1963. "The Cost Of Administering Private Loans In Underdeveloped Rural Areas," Oxford Economic Papers, Oxford University Press, vol. 15(2), pages 154-163.
    6. Anonymous, 1957. "International Monetary Fund," International Organization, Cambridge University Press, vol. 11(3), pages 537-538, July.
    7. Anthony Bottomley, 1965. "The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas: Reply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 79(2), pages 325-327.
    8. Bela Balassa & Daniel M. Schydlowsky, 1968. "Effective Tariffs, Domestic Cost of Foreign Exchange, and the Equilibrium Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 76(3), pages 348-348.
    9. A.R. Kemal & Talat Alauddin, 1974. "Capacity Utilization in Manufacturing Industries of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 13(3), pages 231-244.
    10. Anthony Bottomley, 1975. "Interest Rate Determination in Underdeveloped Rural Areas," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 279-291.
    11. Anthony Bottomley, 1963. "The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 77(4), pages 637-647.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abhijit V. Banerjee & Esther Duflo, 2010. "Giving Credit Where It Is Due," Journal of Economic Perspectives, American Economic Association, vol. 24(3), pages 61-80, Summer.
    2. Codrina Rada & Lance Taylor, 2006. "Developing and Transition Economies in the Late 20th Century: Diverging Growth Rates, Economic Structures, and Sources of Demand," Working Papers 34, United Nations, Department of Economics and Social Affairs.
    3. Michael Michaely, 1971. "An Over-all View of Policy Patterns," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 30-70, National Bureau of Economic Research, Inc.
    4. Waliullah & Mehmood Khan Kakar & Rehmatullah Kakar & Wakeel Khan, 2010. "The Determinants of Pakistan’s Trade Balance: An ARDL Cointegration Approach," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 15(1), pages 1-26, Jan-Jun.
    5. Mr. James M. Boughton, 2002. "On the Origins of the Fleming-Mundell Model," IMF Working Papers 2002/107, International Monetary Fund.
    6. Jacques J. Polak, 1995. "Fifty Years of Exchange Rate Research and Policy at the International Monetary Fund," IMF Staff Papers, Palgrave Macmillan, vol. 42(4), pages 734-761, December.
    7. Basu, Santonu, 1997. "Why institutional credit agencies are reluctant to lend to the rural poor: A theoretical analysis of the Indian rural credit market," World Development, Elsevier, vol. 25(2), pages 267-280, February.
    8. Monnet, Eric & Puy, Damien, 2020. "Do old habits die hard? Central banks and the Bretton Woods gold puzzle," Journal of International Economics, Elsevier, vol. 127(C).
    9. Luciano Amaral & Alvaro Ferreira da Silva & Duncan Simpson, 2020. "A long International Monetary Fund intervention: Portugal 1975-1979," Nova SBE Working Paper Series wp635, Universidade Nova de Lisboa, Nova School of Business and Economics.
    10. Klug, Adam & Smith, Gregor W., 1999. "Suez and Sterling, 1956," Explorations in Economic History, Elsevier, vol. 36(3), pages 181-203, July.
    11. Phillip Edmund Metaxas & Ernst Juerg Weber, 2016. "An Australian Contribution to International Trade Theory: The Dependent Economy Model," The Economic Record, The Economic Society of Australia, vol. 92(298), pages 464-497, September.
    12. Eduardo Amaral Haddad & Natalia Cotarelli & Thiago Cavalcante Simonato & Vinicius Almeida Vale & Jaqueline Coelho Visentin, 2020. "The Grand Tour: Keynes and Goodwin go to Greece," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-21, December.
    13. Hein, Eckhard, 2018. "Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession," IPE Working Papers 96/2018, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    14. Boivin, Jean & Kiley, Michael T. & Mishkin, Frederic S., 2010. "How Has the Monetary Transmission Mechanism Evolved Over Time?," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 8, pages 369-422, Elsevier.
    15. Anne O. Krueger, 1998. "Whither the World Bank and the IMF?," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1983-2020, December.
    16. Pierre L. Siklos, 2010. "Revisiting the Coyne Affair: a singular event that changed the course of Canadian monetary history," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 43(3), pages 994-1015, August.
    17. Michael Michaely, 1971. "The Netherlands," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 176-198, National Bureau of Economic Research, Inc.
    18. Javier G. Gómez-Pineda, 2016. "Inflación de costos: las devaluaciones de los años cincuenta y el brote populista de 1963," Borradores de Economia 924, Banco de la Republica de Colombia.
    19. Shams, Rasul, 2004. "The World Bank as an International Financial Institution," HWWA Discussion Papers 292, Hamburg Institute of International Economics (HWWA).
    20. Martin Gürtler, 2015. "Poptávka po reálných peněžních zůstatcích v ČR a její determinanty [Demand For Real Money Balances in the Czech Republic and its Determinants]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(5), pages 570-602.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:19:y:1980:i:2:p:143-157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.