Advanced Economics of Development, Vol. 2 (Paperback - 2011)

Development economics is a branch of economics which deals with economic aspects of the development process in low-income countries. Its focus is not only on methods of promoting economic growth and structural change, but also on improving the potential for the population. The major indicators of development include equality of opportunity, rising income and living standard of people, equity in the distribution of income and wealth, increased opportunities for education and self-improvement, an efficient, competent, transparent and fairly administered public sector and a reasonable degree of competition in the private sector.

Advanced Economics of Development in 2 volumes is a standard textbook on the subject. Volume 1 comprises chapters 1 to 11 covering topics like Measuring Development; Factors in Economic Development; Theories of Underdevelopment; Social Capital; Poverty; Resource Allocation and Economic Development; Occupation Structure and Economic Development; Dualism; Lewis and Myrdal on Economic Development; Population Growth and Development; and Planning for Economic Development. Volume 2 consists of chapters 12 to 23 covering topics such as Theories of Development; Role of Education in Development; Role of Human Health in Development; Role of State in Economic Development; Trade: An Agent of Economic Development; Role of Public Enterprise; Agriculture and Industry in Economic Development; Choice of Technology; Regional Economic Development; Input-Output Analysis; Linear Programming; and Project Evaluation.

The book covers the syllabi of almost all the Indian universities on the subject and will thus prove extremely useful for the students pursuing higher level courses on development economics. The ideas have been explained in simple language and lucid manner for easy comprehension by the readers. Mathematical representations of some theories, explanations of well-labelled illustrations and diagrams, and solutions to the equations have been provided. Besides students, the book will prove beneficial for teachers of the subject as well as researchers in the field. It will immensely help policymakers, government officials, parliamentarians and all others concerned with the economic development of the country. To those who wish to know about various aspects of economic development, it will provide for a richly rewarding reading.

K.R. Gupta is a well-known Economist. He has published over twenty books and contributed more than hundred papers in reputed journals, being published in India and abroad. The books written by him include Advanced Microeconomics (2 vols.); Advanced Macroeconomics (2 vols.); Economic Growth Models; Global Financial Crisis (3 vols.); International Economics (2 vols.); and Economics of Development and Planning (2 vols.). His latest edited books are Rural Development in India (4 vols.); and Indian Economic Policies and Data (co-edited). Dr. Gupta had been teaching postgraduate classes and guiding research for about two decades in the University of Jammu and Kurukshetra University. He has also worked as an Economist in private as well as in public sector.