Perkins argues that development theory can be improved by considering the causal effects of precapitalist structures in developing countries on their transition to capitalism. Applying French Structuralist analysis, she proposes a theoretical framework tying production relations to key issues in development. The opening chapters review and critique French structuralist thought. The book also examines the structuralist theory of production modes, the concept of economic calculation, a new theory of prices, inflation in developing countries, and agricultural credit expansion, export subsidies, tenancy and labor laws, and land taxation. Finally, Perkins invites others to transcend the limits of orthodox thinking and to seek creative solutions to the problems of underdevelopment.
Perkins argues that development theory can be improved by considering the causal effects of precapitalist structures in developing countries on their transition to capitalism.
