Economic Development Spring 2021, Mo 20:10 - 22:10 Instructor: Zhun Xu All the lectures will be on zoom: Join Zoom Meeting https://jjay-cuny.zoom.us/j/84732411212?pwd=WFZxSzB0aGZFQVhwcWx2Y3ZqSUxSUT09 Meeting ID: 847 3241 1212 Passcode: 234203 One tap mobile +19292056099,,84732411212#,,,,*234203# US (New York) +13017158592,,84732411212#,,,,*234203# US (Washington DC) Main texts The main books we will be using include: P. Baran (1962), The Political Economy of Growth, Monthly Review Press D. Ray (1998), Development Economics, Princeton University Press Basu, K. (1997). Analytical development economics: the less developed economy revisited. MIT press. If you are unfamiliar with some of the topics, you can read these two books: Allen, R. C. (2011). Global economic history: a very short introduction (Vol. 282). Oxford University Press. L. S. Stavrianos (1981), Global Rift: The Third World Comes of Age, William Morrow & Co Evaluation Each student will do one 20-minute class presentation (40%) in April, and submit a take-home final (50%), and class performance counts as 10%. I will assign the presentation topic to everyone in the first 2 weeks. 1. Introduction a. Overview UNDP, Human development report, technical notes Sen, A.K. (1988), The concept of development in H. Chenery and T.N. Srinivasan (eds.), Handbook of development economics, vol. 1, Amsterdam: North-Holland, pp. 9-26. Floud, R., Fogel, R. W., Harris, B., & Hong, S. C. (2011). The changing body: Health, nutrition, and human development in the western world since 1700. Cambridge University Press. Deaton, A. (2007). Height, health, and development. Proceedings of the National Academy of Sciences, 104(33), 13232-13237. Bardhan, P. (1993). Economics of Development and the Development of Economics. The Journal of Economic Perspectives, 7(2), 129-142. Krugman, P. (1992). Toward a counter-counterrevolution in development theory. The World Bank Economic Review, 6(suppl_1), 15-38. Stiglitz, J. E. (1992). Comment on “Toward a Counter-Counterrevolution in Development Theory,” by Krugman. The World Bank Economic Review, 6(suppl_1), 39-49. Duflo, E., Glennerster, R., & Kremer, M. (2007). Using randomization in development economics research: A toolkit. Handbook of development economics, 4, 3895-3962. Deaton, A. S. (2009). Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development (No. w14690). National Bureau of Economic Research. Akbulut, B., Adaman, F., & Madra, Y. M. (2015). The decimation and displacement of development economics. Development and Change, 46(4), 733-761. Reddy, S. G. (2012). Randomise this! On poor economics. Review of Agrarian Studies, 2(2369-2021-102). Donovan, K. P. (2018). The rise of the randomistas: on the experimental turn in international aid. Economy and Society, 47(1), 27-58. Ravallion, M. (2020). Should the randomistas (continue to) rule? (No. w27554). National Bureau of Economic Research. b. Poverty and health Allen, R. C. (2017). Absolute poverty: when necessity displaces desire. American Economic Review, 107(12), 3690-3721. Ravallion, M. (2019). On Measuring Global Poverty (No. w26211). National Bureau of Economic Research. Deaton, A. (2005). Measuring poverty in a growing world (or measuring growth in a poor world). Review of Economics and Statistics, 87(1), 1-19. Ghosh, J. (2011). Poverty reduction in China and India: Policy implications of recent trends. Poor Poverty: The Impoverishment of Analysis, Measurement and Policies. J. K. S. Anis Chowdhury, United Nations. Patnaik, Utsa. "The republic of hunger." Social Scientist (2004): 9-35. Patnaik, Utsa. "Origins of the food crisis in India and developing countries." Monthly Review 61, no. 3 (2009): 63. Patnaik, Utsa. "A critical look at some propositions on consumption and poverty." Economic and Political Weekly (2010): 74-80. Deaton, Angus, and Jean Drèze. "Food and nutrition in India: facts and interpretations." Economic and political weekly (2009): 42-65. Sen, Amartya. Development as freedom. Navarro, V. (1974). The underdevelopment of health or the health of underdevelopment: an analysis of the distribution of human health resources in Latin America. International Journal of Health Services, 4(1), 5-27. Navarro, V. (1989). Why some countries have national health insurance, others have national health services, and the US has neither. Social Science & Medicine, 28(9), 887-898. Kennedy, Jonathan, and Lawrence King. "The political economy of farmers’ suicides in India: indebted cash-crop farmers with marginal landholdings explain state-level variation in suicide rates." Globalization and health 10, no. 1 (2014): 16. Marx, Karl. Capital: A Critique of Political Economy. Vol. 1. Progress, 1986. Chapter 10, 15. Komlos, John. "Shrinking in a growing economy? The mystery of physical stature during the industrial revolution." The Journal of Economic History 58, no. 3 (1998): 779-802. Arora, Suchit. "Health, human productivity, and long-term economic growth." The Journal of Economic History 61, no. 3 (2001): 699-749. c. Income distribution Kuznets, S. (1955). "Economic growth and income inequality." The American economic review: 1-28. Steindl, J. (1990). Distribution and growth. In Economic Papers 1941–88 (pp. 149-165). Palgrave Macmillan, London. Frazer, G. (2006). Inequality and development across and within countries. World Development, 34(9), 1459-1481. Piketty, T. (2006). The Kuznets curve: Yesterday and tomorrow. Banerjee, A. et al.: Understanding Poverty, Oxford University Press, New York, 63-72. Palma, J. G. (2011). Homogeneous Middles vs. Heterogeneous Tails, and the End of the ‘Inverted-U’: It's All About the Share of the Rich. Development and Change, 42(1), 87-153. Milanovic, B., Lindert, P. H., & Williamson, J. G. (2011). Pre-industrial inequality. The economic journal, 121(551), 255-272. Cunha, F., & Heckman, J. J. (2009). The economics and psychology of inequality and human development. Journal of the European Economic Association, 7(2-3), 320-364. Baumol, W. J. (2007). On income distribution and growth. Journal of Policy Modeling, 29(4), 545-548. Deaton, A. (2003). Health, inequality, and economic development. Journal of economic literature, 41(1), 113-158. Galor, O., & Zeira, J. (1993). Income distribution and macroeconomics. The review of economic studies, 60(1), 35-52. Galor, O., & Moav, O. (2004). From physical to human capital accumulation: Inequality and the process of development. The Review of Economic Studies, 71(4), 1001-1026. 2. The political economy of backwardness a. Convergence versus divergence Baran, P., 1952, On the political economy of backwardness, Manchester School of Economic and Social Studies, 20:66-84. Ashraf, Q., & Galor, O. (2013). The “Out of Africa” hypothesis, human genetic diversity, and comparative economic development. The American Economic Review, 103(1), 1-46. Guedes, J. D. A., Bestor, T. C., Carrasco, D., Flad, R., Fosse, E., Herzfeld, M., ... & Warinner, C. G. (2013). Is poverty in our genes? A critique of Ashraf and Galor," The'out of Africa'hypothesis, human genetic diversity, and comparative economic development," Current Anthropology, 54(1), 71-79. Chernomas, R., & Hudson, I. (2017). Genetics vs. history: competing explanations of uneven development. Cambridge Journal of Economics. Acemoglu, D., Johnson, S., & Robinson, J. A. (2001). The colonial origins of comparative development: An empirical investigation. American economic review, 91(5), 1369-1401. Albouy, D. Y. (2012). The colonial origins of comparative development: an empirical investigation: comment. The American Economic Review, 102(6), 3059-3076. Baumol, William J. (1986). Productivity Growth, Convergence and Welfare. American Economic Review. 76: 1072-85. Barro, Robert J. and Xavier Sala-I-Martin (1992). Convergence. Journal of Political Economy. 100:223-51. Johnson, P., & Papageorgiou, C. (2020). What Remains of Cross-Country Convergence?. Journal of Economic Literature, 58(1), 129-75. Pritchett, Lant, 1997. Divergence: Big time. Journal of Economic Perspectives Gerschenkron, A., 1962, Economic backwardness in historical perspective, Cambridge, MA: Harvard University Press, chapters 1-3. b. The economic surplus and dependency Foster, J. B. (2007). The Imperialist World System: Paul Baran's Political Economy of Growth After Fifty Years. Monthly Review, 59(1), 1. Amin, S. (2018). Modern imperialism, monopoly finance capital, and Marx's law of value: monopoly capital and Marx's law of value. Monthly Review Press. Baran, P. (1953). Economic progress and economic surplus. Science & Society, 289-317. Rodney, W. (2018). How Europe underdeveloped Africa. Verso. Xu, Z. (2019). Economic surplus, the Baran ratio, and capital accumulation. Monthly Review, 70(10). Lippit, V. D. (1985). The concept of the surplus in economic development. Review of Radical Political Economics, 17(1-2), 1-19. Somel, C. (2003). Estimating the surplus in the periphery: an application to Turkey. Cambridge Journal of Economics, 27(6), 919-933. Frank (1979), Dependent Accumulation and Underdevelopment, Monthly Review Press Santos, T. D. (1970). The structure of dependence. The American economic review, 60(2), 231-236. Hirschman, A. O. (1968). The political economy of import-substituting industrialization in Latin America. The Quarterly Journal of Economics, 82(1), 1-32. Wallerstein, I. (1998). The Rise and Future Demise of World-Systems Analysis. Review (Fernand Braudel Center), 103-112. Emmanuel, A.. (1972). Unequal exchange: A study of the imperialism of trade.