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Arthur Lewis's Contribution to Development …

ECONOMIC GROWTH CENTERYALE Box 208629 New Haven, CT 06520-8269 ~egcenter/CENTER DISCUSSION PAPER NO. 891 Arthur lewis Contribution TODEVELOPMENT THINKING AND POLICYG ustav RanisYale UniversityAugust 2004 Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussions andcritical paper can be downloaded without charge from the Social Science Research Network electroniclibrary at: index to papers in the Economic Growth Center Discussion Paper Series is located at: ~ lewis Contribution to Development Thinking and PolicyGustav RanisYale UniversityAbstractArthur lewis seminal 1954 paper and its emphasis on dualism appeared at a time whenneither the work of Keynes or Harrod-Domar nor the later neoclassical productio

5 landlords, and hiring free labor. Landlords get their rents via the neoclassical marginal productivity principle, and capitalists then bargain with workers on …

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