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Getting Started





1. Concepts, Notions, & Terminology

2. Early & Late Industrialization



3. Low Savings Rate in Capitalist Economy

4. Restoring High Savings Rate in Capitalist Economy


5. Radical Uncertainty in Industrial Economy

6. Restoring Radical Uncertainty in Late Industrial Economy


7. The Mechanism of Rapid Economic Development

8. The Mechanism of Rapid Industrialization - the Case of CHINA

9. The Mechanism of non-Industrial Development -

the Case of



10. The Case of INDIA

& the Future

INTRODUCTION covers the historical context for the ideas in the book. Tells you the story of how we, without cracking the code of economic development, made it until now.

CHAPTER ONE explains basic concepts for readers new to economics. You will learn Macro and Micro concepts and General terms.

CHAPTER TWO opens the window for the rest of the Chapters. Distinguishes the performance of Late and Early Developers. Sets framework and a Calculable goal for the Theory to be taken up in PART TWO of the book.

Chapters Three & Four deal with the Macro backdrop of the economic development theory.


CHAPTER THREE develops the  Macroeconomic General Law.

CHAPTER FOUR unravels the solution to getting around that General law.

Chapters Five & Six deal with the Micro backdrop of the economic development theory.

CHAPTER FIVE develops the  Microeconomic General Law.

CHAPTER SIX unravels the solution to getting around that General law.

CHAPTER SEVEN derives from the Theory, the Mechanism of Rapid Economic development for both the Industrial & non-Industrial routes.

CHAPTER EIGHT unravels the first route with a Case Study of China. The analysis of Chinese development here is unlike anywhere, and also unprecedented in its breadth and depth.


You will learn here the science, design & engineering behind such vital industrial products as engines, boilers, turbines, transformers, jet engines, generators, motors, tractors, bulldozers, machine tools, high speed train, ships, etc.

All explained in plain prose. Easily understood by non-STEM background readers.

Each product above is taken along with the backdrop of how China developed that industry. China's performance in those industries is assessed in detail.

CHAPTER NINE unravels the second route with the Case Studies of Chile & Botswana. The analysis of their break neck pace of development again is unlike anywhere.

You will come to see the important role of commodities in economic development. The historical price trend of Steel, Aluminum, Gold, Copper, etc. is taken up here.

CHAPTER TEN takes up the Application of the Theory and the Mechanism of Rapid Economic development through Industrial route by taking up the case of India.

India's many parallels & distinctions with its neighbor China, along political, economic & demographic lines, is discussed.

A Section deals with how and why India performed so poorly during the first 30-year period (1956-1985) since it began economic planning. Here the cause of poor performance of India becomes finally clear.

A later Section deals with how and why India performed increasingly well during the next 30-year period (1986-2015). Here the cause of India's high growth is revealed by simply applying the theories developed prior.

The final Section applies the theory to Indian economy. Shows possible projections of growth, income, wealth, based on specific policy realizations.

The General Theory


With the help of beautiful graphs, flowcharts, tables, and plain prose, the General Theory mesmerises you from the start to the end.

Classification of Economic Activity-types and divisions for economic development

Flow Charts

The General Theory provides 6 great looking and beautifully presented flow charts.


These help you see the complex interlinks visually and dramatically.

china GDP and economic development

The General Theory contains 97 well-designed and neatly presented Graphs.


These help you breeze through voluminous data instantly.


India Beta01.jpg


Wherever there is a great need to display numbers, the General Theory relies altogether on 4 perfectly crafted tables.


These help you explore the numbers in great detail where it matters.

The General Theory


The full raw data sources and the worksheets compiled by the author and used to create and present the many graphs and tables in the book are provided to you.


Simply go to Online Appendix on the Menu.

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