Dual-sector Model - History

History

Initially the dual-sector model as given by W.A Lewis was enumerated in his article entitled "Economic Development with Unlimited Supplies of Labor" written in 1954 by Sir Arthur Lewis, the model itself was named in Lewis's honor. First published in The Manchester School in May 1954, the article and the subsequent model were instrumental in laying the foundation for the field of Developmental economics. The article itself has been characterized by some as the most influential contribution to the establishment of the discipline.

Read more about this topic:  Dual-sector Model

Famous quotes containing the word history:

    In every election in American history both parties have their clichés. The party that has the clichés that ring true wins.
    Newt Gingrich (b. 1943)

    Revolutions are the periods of history when individuals count most.
    Norman Mailer (b. 1923)

    It’s not the sentiments of men which make history but their actions.
    Norman Mailer (b. 1923)