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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/593

Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: The metamorphosis of Lewis's dual economy model
Author(s): Ghosh, Dipak
Contact Email: dipak.ghpsh@stir.ac.uk
Keywords: Economic development
Dual economy models
Develo[pment methiodology
marketable surplus
Open system
Closed system
Issue Date: Mar-2007
Publisher: Taylor & Francis
Citation: Ghosh D (2007) The metamorphosis of Lewis's dual economy model, Journal of Economic Methodology, 14 (1), pp. 5-25.
Abstract: Abstract This paper argues that Arthur Lewis originally presented the problem of economic development in terms of an open system, in the sense that it focused on a number of possible pitfalls and socio-economic constraints in the process of capital accumulation and industrialization in a labour-surplus economy. In the hands of the neoclassical economists, who were predominantly interested in achieving deterministic equilibrium results by introducing strict assumptions, the theoretical system later became closed – something Lewis never intende
Type: Journal Article
URI: http://hdl.handle.net/1893/593
DOI Link: http://dx.doi.org/10.1080/13501780601170032
Rights: Published in Journal of Economic Methodology by Taylor & Francis.
Affiliation: Economics

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