ABSTRACT

It behooves to reiterate what was stated earlier about the doctrine of development. The doctrine does not allow envisaging alternative modes of economic life. A body of critique of the market system exists, but is seldom acted upon. As discussed above, false assumptions and interpretations of data prevail in the neo-classical development discourse. The assumption that economic growth leads to environmental and social equity also remains unanimously accepted as a fact of life. Thus, contrary facts about economies on both the local and global level are of often ignored or else accepted as anomalies at best.