The failure of mainstream development policy to deliver on the promise of eradicating global poverty is increasingly difficult to deny (World Bank 2024). As a result, theories of global development are opening to alternative and critical approaches. In this context there has been a renewal of interest in dependency theory as a rich heterodox tradition of political economy (Kvangraven 2021; Chilcote and Sal茅m Vasconcelos 2022; Antunes de Oliveira and Kvangraven 2024). In a , I turned to one of the foundational scholars of dependency, Walter Rodney (1942-1980), to work through some of the strengths and limits of dependency theory for contemporary studies (Johnson 2023).
Born in 1931, C. T. Kurien contributed to rethinking economics through his various writings, particularly books and his vision for a practical B.A degree in Economics at Madras Christian College (MCC), an autonomous college situated in Chennai, a port city in Southern India. Besides MCC, another institution he contributed to was Madras Institute of Development Studies (MIDS), a research-only institute, also in Chennai. Kurien passed away in July 2024 aged 93.
This blog post provides a brief introduction to Kurien鈥檚 life and economics.
The great cultural theorist Stuart Hall called Frantz Fanon鈥檚 The Wretched of the Earth 鈥榯he bible of decolonisation鈥� as it encapsulated the urge for freedom across the colonial world (). Fanon illuminates how racism represented an organising principle for capitalist classes by systematically devaluing the lives of the majority of the world鈥檚 population. 鈥楩or centuries the capitalists have behaved like real war criminals in the underdeveloped world,鈥� he wrote. 鈥楧eportation, massacres, forced labour, and slavery were the primary methods used by capitalism to increase its gold and diamond reserves, and establish its wealth and power鈥� ().
One of the reasons for Fanon鈥檚 popularity among those who want to decolonise development is that he argued that post-colonial countries should forge their own paths to development rather than attempting to follow already developed countries. 鈥楾he Third World must not be content to define itself in relation to values which preceded it,鈥� he warned. 鈥橭n the contrary, the underdeveloped countries must endeavour to focus on their very own values as well as methods and style specific to them.鈥�
Not only did Fanon explain the horrors inflicted by colonialism upon native populations; crucially, he also conceived of real human development as a process rooted in a collective labouring class (comprising workers and poor peasants) transcending capitalist brutality.
However these two elements of his thought 鈥� the critical identification of the violence of colonialism, and a real human developmental alternative to it 鈥� have often been disconnected by thinkers influential to the decolonial movement. This represents a dangerous misinterpretation of Fanon. It obscures his vision of a decolonised world and the social forces able to construct it.
A new calendar year ushers in the usual array of tropes on Africa. They include why the continent is failing, what it should be doing better and why it has so much resilience in dealing with its own frailty. Overwhelmingly, Western institutions (NGOs, credit rating agencies, etc.) repeat tired mantras of the international 铿乶ancial institutions, ignoring the insights of African scholar activists and the historical backdrop to the continent鈥檚 contemporary crises. Neglect of such analysis leads to the failure to understand why and how different African countries are in the mess that they are and why the mess has structural continuities and conjunctural discontinuities. The antidote to Western-centric analysis is the superb collection of essays in a special issue of Africa Development, a journal of the Council for the Development of Social Science Research in Africa (CODESRIA), which emerged from the Post-Colonialisms Today project. The range and insight of the collection is difficult to capture in a short review, but there are two continuous themes among contributors: the importance of revisiting the historical past and the signi铿乧ance of sovereignty, or the absence of it.
Economist Walt Rostow advanced an influential development theory while working as an adviser to the Kennedy and Johnson administrations. Rostow鈥檚 advocacy of murderous violence in Vietnam flowed directly from his theory of how to promote capitalist growth.
Commonsense notions of development associate it with capitalist modernization. Such notions assume that cumulative economic growth enables poor countries to become more like rich ones.
To facilitate such growth, policymakers, international institutions, and many academics urge poor countries and their populations to adopt modern ways of thought and action, dispensing with familial or communal loyalties and embracing the benefits of capitalist markets and impersonal bureaucracies.
Those who adopt this perspective insist that such modernization will be beneficial for developing societies in the long run, even though there will always be those who lose out and seek to resist the process. However, since the benefits of economic growth and cultural change outweigh the losses, it is legitimate to forcefully suppress such opposition.
No thinker was more influential in theorizing and popularizing such notions of development underpinned by violent coercion than Walt Whitman Rostow (1916鈥�2003).
The trajectory of mainstream economics can be understood in terms of how the discipline historically responded to moments of crises by attempting to 鈥渢heoretically fix鈥� the understandings related to five core 鈥渜uestions鈥� of capitalist political economy 鈥� namely land, trade, labour, state, and legal-institutional framework. This involved legitimising improvements in land that led to the dispossession and the destruction of the commons, justifying free trade based on comparative advantage as opposed to mercantilist state intervention, reducing labour to a factor of production that was supposedly rewarded based on its marginal productivity and hence not being exploited, legitimising state intervention to stabilise capitalism and developing a legal-institutional framework to protect markets from popular democratic pressures. These 鈥渢heoretical fixes鈥� served to ideologically legitimise, preserve, and perpetuate the core content of capitalist social relations even as it corresponded with the modification of the surface-level appearances of capitalism.
Last year in February, of the University of St Andrews passed away after a short struggle with cancer. Ian was a world-renowned scholar in the fields of African Studies, International Relations and Global Political Economy. Besides his remarkable academic achievements, Ian was an extremely passionate educator as well as a kind, humorous and supportive colleague and friend to many of us. This is a modest attempt to pay tribute to an inspiring intellectual and true friend of Africa.
Together with his twin brother Eric, Ian grew up on the Isle of Man, before the family relocated to West London where he spent his teens and would become a die-hard Brentford FC supporter 鈥� in his words a 鈥�100% local club鈥�. Whilst there were few points of contact to Africa on the small Crown dependency in the Irish Sea, Ian, early on, developed an interest in Africa, as he heard stories from his grandmother whose parents had lived in South Africa, and where a large network of relatives still live.
After reading History and Politics at what was then the Leicester Polytechnic, Ian used a gap year in 1991-92 for his first travel to southern Africa 鈥� obviously at quite a formative time for the region. This trip clearly left a firm impression on him, as he would return to the region throughout his life. However, first he joined Jo, the love of his life whom he met in South Africa, when she took up Ph.D studies at the University of Hong Kong in 1994. Ian enrolled himself for a Master鈥檚 there. His 368-pages M.Phil thesis on China鈥檚 foreign policy vis-脿-vis Africa laid the cornerstone for one of his research specialisations and arguably also for a new sub-discipline, China-Africa studies. One of his first academic articles, an output from his M.Phil research, was published in the Journal of Modern African Studies and has since been cited 357 times (Taylor ). Exactly 18 years later, Ian became co-editor-in-chief of this prestigious journal, together with Ebenezer Obadare.
Since 1901, December has been a time for Nobel Prizes. Only in 1969, as an afterthought, the Swedish Central Bank established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 鈥� a decision that was met with protests by some members of the Nobel family.
Nevertheless, a scientist who used much of his time on economics was rewarded a Nobel Prize in 1921. Admittedly, Frederick Soddy (1877鈥�1956) received the prize in chemistry, for his work on radioactivity. But in the period from 1921 to 1934 Soddy wrote four books campaigning for a radical restructuring of the global monetary system.
I have been leafing through Soddy鈥檚 book entitled, 鈥楳oney versus Man鈥�, published in 1931. The book opens with a full-page quote from another English polymath, John Ruskin (1819鈥�1900). The social problems of England in the 1840s 鈥� 鈥楾he Hungry 40s鈥� 鈥� and the financial crises that followed in 1847 inspired Ruskin. The mass deaths in World War I and the crisis that started in 1929 provided new inspiration to Soddy.
For Ruskin, and later Soddy, consumption was the only purpose of the economy. 鈥楾here is no wealth but life鈥� is the basic message in Soddy鈥檚 long quote from Ruskin. It is on this basis we should read the title of Soddy鈥檚 book, placing money as a kind of enemy for humankind. Here is a new type of economics: we have standard neoclassical economics, based on the metaphor of equilibrium between supply and demand, and we have evolutionary (Schumpeterian) economics based on a metaphor from biology (innovations as mutations). Soddy offered us a third angle: economics rooted in physics, in the laws of thermodynamics.
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