Abstract
This chapter attempts to describe changes in economic theory over the last 50 years - both in the kinds of models used and in the factors that are identified as playing the key roles.
Full Citation
Stiglitz, Joseph.
“Modern Economic Theory and Development.”
In Frontiers of Development Economics: The Future in Perspective,
edited by G. Meier and J. Stiglitz,
Oxford, England:
Oxford University Press,
2000.