“Theory” in general is out of style these days. Insights of modernisation theory might end up being tested, but as a “theory” I don’t think it will make a comeback. Somehow there is too much academic hyperspecialization for that to happen, and it increasingly seems like the approach of a bygone era. And to be clear, I still have some sympathies for that bygone era, even if most of its hypotheses were wrong.
Should modernisation theory receive more attention in critiques and apologetics of economic development?
“Theory” in general is out of style these days. Insights of modernisation theory might end up being tested, but as a “theory” I don’t think it will make a comeback. Somehow there is too much academic hyperspecialization for that to happen, and it increasingly seems like the approach of a bygone era. And to be clear, I still have some sympathies for that bygone era, even if most of its hypotheses were wrong.