Since their emergence as distinct fields of inquiry in the early post-Second World War period there has been an uneasy relationship between growth economics and development economics. The emergence of a richer 'new growth economics' has opened up the possibilities of a more fruitful dialogue...

In this paper I review the theories of induced technical and institutional change. I discuss the sources of the demand and supply of institutional innovation. The sources of institutional innovation are illustrated by changes in land tenure relations in Philippine agriculture, by the development...