This collection of work by Ruttan and Hayami spans their long career in the economics of technical and institutional change. At both a theoretical and empirical level, their analysis of induced innovation provides a solid foundation for understanding how and why technologies and…
Nothing could be more valuable than creating a new paradigm in economics, particularly in the field of agricultural development. A notable example is T. Schultz's (1964) thesis regarding "efficient but poor" small-scale farmers in low-income or developing countries. No less i…
This collection of work by Ruttan and Hayami spans their long career in the economics of technical and institutional change. At both a theoretical and empirical level, their analysis of induced innovation provides a solid foundation for understanding how and why technologies and…