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Economics(Paper-4) - Shivaji University

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2.6 Exercise<br />

A. Broad Questions.<br />

1. Examine Lewis theory of unlimited supply of labour.<br />

2. Evaluate Rostow’s theory of economic stages.<br />

3. Critics on Rodan’s growth theory.<br />

4. Explain the theory of circular causation.<br />

B. Concepts<br />

1. Spread effect<br />

2. Backwash effect<br />

3. Dual economy of Lewis.<br />

4. Take-off stage.<br />

5. Indivisibility of production function.<br />

2.7 Reference Books<br />

1. Felix Raj, S. Mukherjee, M. Mukherjee, A. Ghose & R. N. Nag (2006),<br />

“Contemporary Development <strong>Economics</strong> From Adam Smith to Amartya Sen”,<br />

New Central Book Agency Pvt. Ltd. Kolkata.<br />

2. M.L. Jhingan (1975), “The <strong>Economics</strong> of Development and Planning”, Vikas<br />

Publishing House Pvt. Ltd. New Delhi.<br />

3. Misra, Puri (1995), “<strong>Economics</strong> of Development and Planing”, Himalaya<br />

Publishin House, New Delhi.<br />

4. O.S. Shrivastava (1996), “<strong>Economics</strong> of Growth Development and Planning”,<br />

Vikas Publishing House Pvt.Ltd, New Delhi.<br />

5. R.K. Lekhi (2002), “<strong>Economics</strong> of Development and Planning”, Kalyani<br />

Publishers, New Delhi.<br />

6. Taneja, Myer (2000), “<strong>Economics</strong> of Development and Planning”, Shoban Lal<br />

Nagin Chand & Co. Educational Publishers, Jalandhar.<br />

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