On the Search for Well-Being

Index

Index Abramovitz, Moses, 21n Adams, Henry, 57n Adelman, Irma, 22n Africa apprenticeships in, 107 child labor in, 191 junk dealers in, 63, 153n, 154 locally owned private firms in, 125 small-scale sector in, 192 study on development in, 189 See also specific countries aggregate demand development and, 73-74 in full utilization, 72 in less-developed countries, 72-79 with undervalued exchange rate, 163 agriculture capital goods formation in, 70 example of policy analysis for, 190 historical growth in, U.S. and Japan compared, 60-61, 71 importation of machinery for, 155 labor shortage during peak seasons in, 89n "traditional" equated with, 133 undervalued exchange strategy for, 165-66 Ahluwala, I. 1., 187 Amsden, Alice, 156n apprenticeships, 106-7, 191 Argentina, 45, 47,93 Aristotelian Principle, 23-25, 28, 3132 ,90,96,156-57,171, 195 Aristotle, 7, 19n, 26 Arkoun, Mohammed, 115 Arndt, H. w., 25n Arrow, Kenneth, 4n, 8, 9, 29-30, 37n Artz, Frederick B., 115n Asia historical growth rates for, 44-47 See also East Asia; specific countries Australia, 41-43, 122 Austria, 41-43 Bacon, Francis, 176n balance of payments chronic difficulties in, 73, 147 as not relevant policy criterion, 186 with overvalued exchange rate, 159 stability of, 72, 73 with undervalued exchange rate, 163, 164 Banfield, Edward c., 125n Bangladesh (formerly East Pakistan), 31,44-46,93,125, 128, 192 banks Islamic, 128 for loans to small-scale firms, 127 Barnett, H. G., 92n Barr, A. M., 64n basic needs as development objective, 20-21 in societal terms, 27-29 Baumol, W. 1., 46 bazaar merchants, 128 Beard, Charles, 7n Becker, Gary, 107n Belgium, 41-43 Berlin, Isaiah, 28n, 30n better preferences (better wants), 23, 156 government and, 195-98 215 216 Index Blaug, Mark, 23n, l04n, 105 Boland, L. A., 16n Boorstin, Daniel, 115 Botswana, 79, 170n Boulding, Kenneth, I11n, 112, 130, 175 Brain Drain, 176 Braudel, Fernand, 2n, 4 Brazil, 45, 46, 149, 170n Brush, Thomas, 54n budgets, balanced, 73 Burma, 46 Bury, 1. B., 7n Canada, 1,41-43, 107 capability, definition of, 21 capital elasticity of substitution of labor for, 101-2 firm's increased use of, 58 formation of capital goods sector and, 69-72 search-and-learn process, 64-69 as source of growth, 135, 159 undervalued exchange rate and, 164 labor productivity and, 46 rate of return on, 38 venture, 127 working, small-scale firms' need for, 192 capital goods sector in less-developed countries, 155-56 small firms in, 71-72 capitalism Marx on necessity of, 13n many forms of, 199 capital/labor ratio, 37 capital-output ratio, 37 chaos, value of, 57n Chenery, H. B., 37n, 45n, 46n, 164n Cheng Ho, 115 Ch'ien-lung emperor, 115-16 child labor, 191 Chile, 44-47,93, 149n China Brain Drain in, 176n early technology in, 11 historical statistics for, 45, 119-20 insularity of, 115-16 Taoism and scientific thought in, 118 Town and Village Enterprises in, 125, 192n why Europe became richer than, 1314 closed economy, author's reason for using, 85-86 "closure" question, 5n Coleman,1. S., 9n Colombia, 170n communities. See societies comparative advantage, 151-52, 156, 157-58 Confucianism, 175 consumption creative, 24n by very low income workers, 74 whether "end" of economic utility, 4 Corden, Max, 160 corruption, 180, 184-85, 188 Cortez, Mariluz, 127n counterpart funds, 181n, 185n, 190n crises, role of, in policy-making, 193-95 Csikszentmihalyi, Mihaly, 25n Dasgupta, Partha, 19n, 24, 28 Davis, 1. D., 16 demand for labor, 98-101, 106-7, 191 with undervalued exchange rate, 165, 166 See also aggregate demand Denmark, 41-43 devaluation, 161, 165, 166, 194-95 alternatives to, 189-90 developed countries (the North) capital and productivity growth in, 46 education of labor force in, 105 general description of, 201 historical growth rates in, 39 individualism in, 198n sustained growth in, 1 developing countries. See less-developed countries development aggregate demand and, 73-74 definition of, 30 evaluation criteria for, 171 indigenous, 122, 192, 201 institutional change and, 31 objective of, 15, 20-23 as opposite of equilibrium, 5 well-being as motivation for, 7, 201 development economics basic question of, 121-22 definitions of, 1, 2, 19 1980s consensus on, 171-72 origin of, 20 well-being as subject of, 2, 20-23 Development State, 173, 178 displacement approach, 201-2 division of labor, 12, 27-28 Domar, Evsey, 33 Dore, Ronald, 174, 177 Dosi...