Ruttan advances a model of institutional change, which creates an environment where resource and cultural endowments and technical change can take place. The disequilibria resulting from such changes create opportunities for the design of more efficient institutional arrangements. The design perspective employed in the book stands in sharp contrast to organic or evolutionary perspectives.
With its emphasis on interdisciplinarity, Social Science Knowledge and Economics Developmentis important reading for social scientists, development economists, and in the development studies classroom.
Vernon W. Ruttan is Regents Professor Emeritus in the Department of Applied Economics at the University of Minnesota.