@article{Banerjee:127128,
      recid = {127128},
      author = {Banerjee, Abhijit and Bardhan, Pranab and Basu, Kaushik},
      title = {New Directions in Development Economics: Theory or  Empirics? A Symposium in Economic and Political Weekly},
      address = {2005-09},
      number = {642-2016-43846},
      series = {WP 2005-24},
      pages = {47},
      year = {2005},
      abstract = {In May 2004 a conference was held at Cornell University  entitled “75 Years of
Development Research.”.1 Apart from  the usual array of theoretical and empirical papers
on  development, a number of panels took stock of the state of  development economics
and discussed a range of  methodological issues. One commentary that stood out in  the
challenge it posed to the current state of development  economics was, “Is there Too Little
Theory in Development  Economics Today?” by Dilip Mookherjee. He answered his  own
question in the affirmative. Given the debate it  generated, after the conference it was
circulated to a  number of leading development economists who had been  present at the
conference, and responses were invited.  Pranab Bardhan sent in a response, “Theory or
Empirics in  Development Economics,” as did Kaushik Basu, “The New  Empirical
Development Economics: Remarks on its  Philosophical Foundations.” These papers were
largely  supportive of the position taken by Mookherjee. There then  followed a response
to all three of these papers by Abhijit  Banerjee, “‘New Development Economics’ and the
Challenge to  Theory,” which mounted a defense of the current empirical  methods in
development economics. Ravi Kanbur then followed  with his comments, “Goldilocks
Development Economics.” Ravi  Kanbur also took the responsibility of coordinating  the
contributions. These five papers are being brought  together here in this symposium in
Economic and Political  Weekly.},
      url = {http://ageconsearch.umn.edu/record/127128},
      doi = {https://doi.org/10.22004/ag.econ.127128},
}