Rationality of development – investigating [economic] development as a form of rationalisation of society
Date
2024
Authors
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.