This collection provides a complete introduction to new ways of thinking about economic development. Emphasizing economic theory, each article has been selected for its theoretical completeness, accessibility and clarity as well as its value as a contribution to the field. A thorough introductory essay summarizes the state of the field for those new to the field and explains the importance of the articles selected.

Dilip Mookherjee is Professor of Economics and Director of the Institute for Economic Development at Boston University.

Debraj Ray is Professor of Economics at New York University. He is the author of Development Economics (1998).