Debraj ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future research. This reader in the history of economic thought challenges the assumption that todays prevailing economic theories are always the most appropriate ones. The subject is based on the fact that the resources of the nature are limited and the wants and needs of the individuals. Books by language journal of economic education 19692015 journal of materials engineering. Martin wolf selects his mustread titles from the second half of the year. In the shortrun, at least one factor of production is fixed, so firms face both fixed and variable costs.
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