Development Economics

A result of more than four decades of teaching experience, Development Economics deals with the problems of economic growth, development and eradication of poverty and unemployment. The book includes an analytical study of important issues of environment and sustainable development. It not only explains the models, theories and strategies of economic growth but also critically evaluates their relevance to developing countries. A major highlight of discussion in the context is the explanation of widely appreciated Amartya Sen's Capabilities Approach to Development. Important economic concepts and propositions are presented in mathematical form. A comprehensive treatise on the subject, the book is primarily intended to serve the needs of undergraduate and postgraduate students of all Indian universities.