What is Schultz theory?

Schultz advances the thesis that the traditional agricultural sector cannot grow with the aid of the traditional production factors only, except at a very high cost. New, totally different production factors are necessary. Schultz’ theory is thus a theory of modernization.

What are the theories of agricultural development?

In the light of this, this paper employed available literature to review agricultural development and theories of agricultural development such as frontier model, conservation model, the urban-industrial impact model, diffusion model and high-pay off input model.

What is Lewis theory of development?

The Lewis model describes a path whereby a developing economy can foster the growth of a new “capitalist sector,” which will employ a growing share of the excess labor available from the subsistence sector.

What are the theories of agricultural extension?

Diffusion theory is the theoretical base of agricultural extension. Traditionally, under the diffusion approach, the mission of extension has been to increase agricultural production and productivity through the transfer of relevant knowledge and information, and the offering of technical and eco- nomic advices.

What is Mellor’s theory of agricultural development?

Mellor is of the view that supply curve for agriculture production in traditional agriculture is backward sloping. His argument is as follows: when prices of agricultural products are raised, two things happen. On the one hand, there is a temptation to produce more, i.e. one likes to substitute labour for leisure.

Is the boserup theory valid today?

Boserup maintained that her theory of agricultural development is valid even in the modern times for under-developed countries with undeveloped industrial sector.

What is Sir W Arthur Lewis known for?

Arthur Lewis’ best-known contribution to development economics was his path-breaking work on the transfer of labour from a traditional to a modern capitalist sector in conditions of unlimited supplies of labour.

What is Lewis 2 sector model?

The dual-sector model is a model in development economics. It is commonly known as the Lewis model after its inventor W. Arthur Lewis. It explains the growth of a developing economy in terms of a labour transition between two sectors, the capitalist sector and the subsistence sector.

What is Extension theory?

Extension theory can be used to describe the thinking process associated with both quantitative change and qualitative change. Extension theory regards the objective world as a world of matter‐element, so the contradictory problems in the real world can be transformed into those among matter‐elements.

What is Ester Boserup’s theory?

Boserup argues that population growth is independent of food supply and that population increase is a cause of changes in agriculture. The principal means of increasing agricultural output is intensification. Boserup’s work has had a varied response from readers; other economists have been less than enthusiastic.

What is Neo Malthusian theory?

Neo-Malthusianism refers to the belief that population control through the use of contraception is essential for the survival of the earth’s human population. It rests on the observation that resources are limited, and that growing populations could rapidly outstrip the provision of resources including land and food.

What is Schultz’s theory of Agriculture?

The Schultz Theory Schultz’theoryisa theoryabouttraditional agriculture. Bythe latterterm ismeanta kind of farming ‘basedwholly on the kinds of factors of production that have been used by

What is Schultz’s point of departure on modernization of Agriculture?

In his discussion ofschooling Schultz takes as his point ofdeparture the hypothesis that ‘acquired capabilities of farm people are of primary importance in modernizing agriculture and that these capabilities, like capital goods, are produced means of

What does Schultz mean by the acquired capabilities of farm people?

In his discussion ofschooling Schultz takes as his point ofdeparture the hypothesis that ‘acquired capabilities of farm people are of primary importance in modernizing agriculture and that these capabilities, like capital goods, are produced means of production:19The latter implies that the acquired capabilities are not free. They entail a cost.

Why did Schultz rule out the adoption of first two methods?

Intentionally or otherwise, Schultz’s ruled out the adoption of first two methods meant for increasing agricultural production. For instance, by his very definition of traditional agriculture, he has concluded that there is no factor of production lying unused in traditional agriculture.