This book argues that the debates about the appropriate economic policies to follow in the developing world within the field of development economics are at hea

“These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt,

Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy

Methodological Individualism (MI) is one of the fundamental postulates of the research program of economic theory. This study attempts to illustrate how MI fail