When the History of Ideas Meets Theory: Arthur Lewis and the Classical Economists on Development

@article{Boianovsky2017WhenTH,
  title={When the History of Ideas Meets Theory: Arthur Lewis and the Classical Economists on Development},
  author={Mauro Boianovsky},
  journal={Macroeconomics: Employment},
  year={2017}
}
Lewis claimed that his 1954 model of economic development in a dual economy was based on the classical framework originally advanced by Smith, Malthus, Ricardo and Marx. The present paper provides a detailed investigation of how Lewis adopted and adapted classical concepts such as productive/unproductive labor, economic surplus, subsistence wages, reserve army, capital accumulation etc. The Lewis 1954 model is set in the context of other growth and development models put forward at the time by… Expand
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