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Latest 6 Reviews Here is what people are saying about the Development Economics
"A very good introductory book"
2008-04-16
- Reviewed By User: A1646KOAYKBO80
I used this textbook for an introductory Development Economics class and thought it was very good. Economics textbooks generally seem to focus on teaching lots of methods and models, which are susbquently supposed to be used to solve highly idealised problems. This in itself is not bad (and probably it is neccesary to some extent), but this is not nearly enough.
The good thing about this book is that it always cares more about the subject matter and less about models *for their own sake.* The book always discusses different models and then afterwards evaluates the model and sees how it matches up to empirical evidence (its remarkable how most textbooks don't do this). In this way, one gains a good, overall understanding of the issues being discussed rather than just learning some facts about which model predicts what. Since the subject matter itself is interesting (at least in my opinion), a book written in this way is naturally interesting and absorbing.
On the negative side, some of the chapters seem to be unneccesarily long (especially the part on credit markets). This is not a big problem though. More on the enviornment, corruption, etc... would also be very nice. I also think that more information on the historical experiences of countries (when it is related to the topic at hand, of course) would be very interesting and helpful.
Overall, I think this is a very good book for anyone who wants to learn about development, poverty, and related issues from an economic perspective.
"development economics"
2007-01-09
- Reviewed By User: A260IS4EINW84Z
Very useful and interesting book about the basics oc development economics. Well written and easy to understand also by non mother-tongue people. I vividly recommend it!
With Debraj Ray's book, the study of Development Economics finally becomes more accessible to all those interested. It is written for the undergraduate level and is accessible to non-economists as well. The book is a formalisation of the theories on growth and development that have been published until now and gives a very good overview of the subject.
Two things, however are to criticise. First of all, it is a magnum opus that would be a lot more comfortable to read as a paperback. Second, the information presented in this book is huge, yet doesn't go into sufficient and into equal detail for all factors of growth that are presented in this book. In other words, the presentation of the different factors is at a rather general level, however some factors seem to stand out more than others, which is somewhat a little annoying, since growth depends on many factors, some of which are too narrowly described.
The style however is straight-forward and is not limited to economists alone. At the same time, a good understanding of both macro- and microeconomics (in particular) will be useful. The book should also ideally be read together with some further readings so that the reader fully understands the contents and the points that the author is stressing. Yet, it is a fabulous book that can serve as an ideal starting-step for further study in the area. Four points are therefore awarded for this book.
"Full five stars! This is what I call "A BOOK"!"
2006-04-04
- Reviewed By User: A36TA14KRJMSM6
In view that there are extended critics that already say what I feel about this book, I just qualify it: Outstanding, superb! I strongly recommend it!
This is what I had to wait a long time for back in my days as an academic -- an UNDERGRADUATE textbook on Development Economics that is aimed squarely at economists. Most other textbooks on the subject are aimed at students with a general interest in development. While this makes them more accessible, they suffer from not seeing how useful a tool mainstream economic theory is when it comes to examining development issues. Importantly, Ray uses the analytical tools of economics without being too mathematical. This is the textbook I had my undergraduate students buy.
For graduate students it's an excellent 'background' text, but not sufficiently advanced enough to serve as a core text to supplement journal articles.
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"The basics of Development economics."