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Book reviews for "Schultz,_Theodore_William" sorted by average review score:
Transforming Traditional Agriculture (Studies in Comparative Economics, 3.)
Published in Paperback by University of Chicago Press (1983)
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The Rational Peasant
The Economics of Being Poor
Published in Hardcover by Blackwell Publishers (1993)
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Food for the World
Published in Hardcover by Ayer Co Pub (1976)
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Origins of Increasing Returns
Published in Hardcover by Blackwell Publishers (1993)
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Restoring Economic Equilibrium: Human Capital in the Modernizing Economy
Published in Hardcover by Blackwell Publishers (1990)
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What Schultz essentially argues in this book is that agriculture can be broken down into two distinct types. The first is that of "traditional" agriculture whereby peasant producers are seen as inefficient because they are bound by generations of tradition that dictates there is very little in the way of perceptible benefit to re-investing in their farming operations and becoming more efficient producers. As Schultz hypothesizes: "a more profitable set of factors will have to be developed and supplied. To develop and supply such factors and to learn how to use them efficiently is a matter of investment." The continuity of such an approach with an institutional framework is readily apparent. Schultz is tacitly arguing for a strong role in planning for a state's bureaucratic structure. The second type is that of "modern" agriculture whereby a grower responds to economic insentives to improve their production. Hence the "rational peasant".
One of the strongest criticisms against Schultz's theory is its ability to offer satisfactory results when applied to specific regions. Schultz did not adequately take into account cultural factors, believing instead that traditional agricultural can be explained in purely economic terms. In the context of a highly centralized state I would also argue that the "rational peasant" debate necessitated a negation of community level input into policy formation. This was because the "rational peasant" was not perceived to be an actor at the individual level, but rather part of a greater whole. In this way macro-economic stimulus policies were believed to be all that was needed to transform "traditional" agriculture into "modern". A policy prescription that the state, and "high modernists" (see Jim Scott) controlling it, would be ideally suited to undertake.