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W. Arthur Lewis: Pioneer of development economics
- Source: UN Chronicle, Volume 45, Issue 1, Dec 2008, p. 45 - 46
- French
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- 31 Dec 2008
Abstract
W. Arthur Lewis’ best-known contribution to development economics was his path-breaking work on the transfer of labour from a traditional to a modern capitalist sector in conditions of unlimited supplies of labour. His article, “Development with Unlimited Supplies of Labour” (1954), contributed to the establishment of development economics as a specialized field of study. It addressed the mechanisms of transferring surplus labour from traditional activity to a modern capitalist sector under conditions of unlimited supply of labour.
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