Economics of Development and the Development of Economics

The purpose of this paper is to restore some historical perspective by highlighting the many contributions of development economics to the rest of economics. We will point out to the younger generations how some of the glittering ideas they currently play with originally came from that now-neglected field and how in some cases they have rediscovered, with great fanfare, insights that were well-known in the development literature, familiarity with which would have enriched their own work.