Allyn Young was, and continues to be, a much misunderstood economist. He was a profound thinker and so much ahead of his times that it is doubtful that even today we have grasped the full import of what he said. This paper examines Young's thinking from the perspective of five different schools...

Allyn Young was, and continues to be, a much misunderstood economist. He was a profound thinker and so much ahead of his times that it is doubtful that even today we have grasped the full import of what he said. This paper examines Young's thinking from the perspective of five different schools...

The development literature of the post-war period justified governmental intervention in economic development on a number of grounds such as market failure, trade pessimism and further impoverishment of poor countries through trade. In line with the prevalent mainstream thinking, the Indian...