This important volume brings together seventeen major essays written by A.P. Thirlwall over the last twenty five years in the field of growth and development.Many of these papers make pioneering contributions, such as the author's formalization of Kaldor's two-sector growth model, his models of growth constrained by the balance of payments, his testing of the IMF's supply side approach to devaluation, and his development of models of inflation, population and economic growth.

Other essays are more reflective and eclectic, such as papers on Keynes and economic development, on the terms of trade and international debt, as well as an essay in praise of development economics. The volume also includes an extensive introductory essay in which Professor Thirlwall explains how he became a development economist.

The Economics of Growth and Development will be welcomed by economists and policy makers for presenting an authoritative volume of Professor Thirlwall's most important essays and papers in development economics, some of which are in foreign journals and not readily available in many university libraries.