Involutionary Growth in a Labour-Scarce Economy. A dialectic interpretation of the boom and bust of cocoa production in Ghana, c. 1890-1970
The use of the analytical tools of classic and neo-classic economics has played a significant role in the study of Africa’s economic history since the 1970s. In this paper, we summon this body of work under the paradigm of Smithian growth models. Although different in techniques and approaches, this work shares a use of markets as the organising principle of the study. The aim of this paper is to