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What is Death of Development Theory Explained about?

This document summarizes an article from the Journal of Post Keynesian Economics about the shift from development theories that emphasized the role of the state to the rise of free market theories. It discusses how Friedrich von Hayek and the Mount Pelerin Society promoted eliminating the state as an economic actor. Peter Bauer then extended these ideas to development economics, arguing that free markets lead to efficiency. This theoretical shift occurred as many developing countries faced debt crises in th

Author

Cesar Jeanpierre Castillo Garcia

Language

EN