This book focuses on the macro factors behind underdevelopment. The author builds two macro foundations which lead to an understanding of the economic conditions a society must satisfy in order to exist, survive, and develop. Social subsistence is used as the entry point and fundamental principle, while both production and distribution survival conditions are formulated. Demography plays a large role in the analysis. Economic history and the history of economic thought are reinterpreted through the lens of macro foundations. The author posits the need for lesser-developed countries to achieve survival conditions as the fundamental basis for economic progress.
Author(s): David Goalstone
Year: 2007
Language: English
Pages: 356
Cover......Page 1
Contents......Page 8
Preface......Page 10
Acknowledgments......Page 12
Introduction......Page 14
PART ONE—MODERN MACROFOUNDATION......Page 30
1 Social Subsistence......Page 32
2 Life Expectancy......Page 40
3 Population......Page 54
4 Production-Survival Conditions......Page 64
5 Productivity Limits......Page 74
6 Macroeconomics......Page 82
7 Macrofoundation—Diagrams......Page 90
8 Macrofoundation—Algebra......Page 98
9 Real Wages......Page 108
10 Principle of Social Subsistence......Page 116
PART TWO—CLASSICAL MACROFOUNDATION......Page 124
11 Classics......Page 126
12 Roots of Civilization......Page 136
13 Rise and Fall of Empires......Page 150
14 Ecocide......Page 158
15 Dismal Science—Yes then No......Page 172
16 Steuart......Page 182
17 Malthus......Page 190
18 Revolution and Rebellion......Page 200
19 Abuse of Macrofoundations......Page 208
20 Rehabilitation of Classics......Page 216
INTERLUDE......Page 224
21 Guns and Butter......Page 226
22 Butter and Books......Page 234
PART THREE—ASPECTS OF DEVELOPMENT......Page 242
23 Stages of Growth......Page 244
24 Agriculture......Page 252
25 Land Reform......Page 262
26 Infrastructure......Page 270
27 Leverage and Bankruptcy......Page 278
28 Asian ‘Miracle’......Page 286
29 Foreign Direct Investment......Page 294
30 Natural Disaster—1......Page 304
31 Natural Disaster—2......Page 312
32 Alternative Development......Page 326
Notes......Page 338
Bibliography......Page 342
C......Page 348
H......Page 349
N......Page 350
S......Page 351
W......Page 352
S......Page 354
Y......Page 355
J......Page 356
Z......Page 357
