Author Affiliation, Ana.
Department of Economics
W. Arthur Lewis vs the Lewis model: Agricultural or industrial development ?
Manchester School of Social and Economic Studies
Date of Publication
Version entitled 'W. Arthur Lewis's Vs the Lewis Model: Industrialization or Agricultural Development?' presented to The Lewis Model After 50 Years : Assessing Sir Arthur Lewis's Contribution to Development Economics and Policy, 6-7 July 2004, University of Manchester, UK. Version entitled 'W. Arthur Lewis Vs the Lewis Model: Agricultural or Industrial Development?' Presented at the History of Economics Society Annual Meeting, July 4 - 7, 2003, Duke University, North Carolina, USA.....
The well-known Lewis model was inspired by one of the models which W. Arthur Lewis presented in 1954. Yet it fails to capture his basic insights, leaving generations of students with the misapprehension that he saw industrialization as a panacea. If we avoid the limitations of the neoclassical recasting and reflect on the variations of Lewis's models, which he presented within the classical tradition, we can re-evaluate some of Lewis's neglected contributions. These relate to accumulation and trade as historical and contemporary problems and to the fundamental role that agriculture plays in development.....