Rationality of development – investigating [economic] development as a form of rationalisation of society

Thumbnail Image

Date

2024

Journal Title

Journal ISSN

Volume Title

Publisher

University of the Witwatersrand, Johannesburg

Abstract

This study argues that the existing understandings of development, which are mostly based on capitalist modes of production and instrumental rationality, narrowly focussed and unable to engage with deeper socio-economic contexts. This analysis critically examines the dominant focus on economic efficiency and growth as the key measures of development, drawing upon a range of rationalities such as substantive, emotional, and value rationalities. The paper explores the impact of changes in prevailing modes of rationality on the restructuring of social frameworks and economic systems. Advocating for a re-evaluation of development theory, this study proposes decentring capitalist production modes and integrating broader rationalities to conceptualize development. This approach calls for a paradigm shift towards a more inclusive, holistic, and human-centred understanding of development, challenging the existing frameworks to pave the way for sustainable and equitable progress.

Description

A research report submitted in fulfillment of the requirements for the Master of Commerce, In the Faculty of Faculty of Commerce, Law and Management, School of Economics and Finance, University of the Witwatersrand, Johannesburg, 2024

Keywords

UCTD, Rationality, development, rationalisation, capitalist modes of production, modernisation, instrumental rationality

Citation

Satsha, Anele. (2024). Rationality of development – investigating [economic] development as a form of rationalisation of society [Masters dissertation, University of the Witwatersrand, Johannesburg]. WIReDSpace.

Endorsement

Review

Supplemented By

Referenced By