Methodological Individualism as a development Model and its Critics
Methodological Individualism as a development Model and its Critics Temesgen M. Erena (DPhil), Economist JEL: A11, A23, B13 The orthodox (neoclassical) world view comprises research programmes that are basically concerned with applying the tenets of neoclassical economics to the study of developing economies . From such a perspective, the principles underlying the economics of developing economies are the same as, or can be considered extension of those governing the economics of developed nations . This implies that meaningful epistemological activities within the development economics cannot be conducted without first determining its inextricable intellectual and analytical ties to mainstream economics. According to Rostow (1960), th...