On the mechanics of economic development☆
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This paper was originally written for the Marshall Lectures, given at Cambridge University in 1985. I am very grateful to the Cambridge faculty for this honor, and also for the invitation's long lead time, which gave me the opportunity to think through a new topic with the stimulus of so distinguished an audience in prospect. Since then, versions of this lecture have been given as the David Horowitz Lectures in Israel, the W.A. Mackintosh Lecture at Queens University, the Carl Snyder Memorial Lecture at the University of California at Santa Barbara, the Chung-Hua Lecture in Taipei, the Nancy Schwartz Lecture at Northwestern University, and the Lionel McKenzie Lecture at the University of Rochester. I have also based several seminars on various parts of this material.