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<p>Development economics has been thought of a distinct sub-field of economics since the 1950s. Nobel prizes have been awarded for work in development economics, university faculty lines are designated for the sub-field, and development economics centers have been set up with world over. However, I argue that the empirical trend of sharp fall in the number of countries in the official “low income” category, and the methodological trend of homogenization of economics methodology across the board means that development economics can no longer easily stand on its own as a sub-field. While institutional inertia will keep things going for quite a while, I think the distinction of development economics as a separate sub-field of economics will simply wither on the vine.</p>

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Is There A Development Economics Anymore?

  • 期刊论文

  • 发表日期：

    2025年1月2日

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  • Ravi Kanbur

摘要

Development economics has been thought of a distinct sub-field of economics since the 1950s. Nobel prizes have been awarded for work in development economics, university faculty lines are designated for the sub-field, and development economics centers have been set up with world over. However, I argue that the empirical trend of sharp fall in the number of countries in the official “low income” category, and the methodological trend of homogenization of economics methodology across the board means that development economics can no longer easily stand on its own as a sub-field. While institutional inertia will keep things going for quite a while, I think the distinction of development economics as a separate sub-field of economics will simply wither on the vine.