Preface - The International Economic Association - Acknowledgements - IEA Programme Committee - Indian Steering Committee - List of Contributors and Rapporteurs - Abbreviations and Acronyms - Introduction; K.J.Arrow - PART 1 PLENARY PAPERS - Inaugural Address; V.K.V.R.Rao - Presidential Address: General Economic Theory and the Emergence of Theories of Development; K.J.Arrow - Dealing with Economic Imbalances between Industry and Agriculture; T.W.Schultz - The Balance between Industry and Agriculture in Economic Development: The Indian Experience; D.T.Lakdawala - Relationship between Rural and Industrial Development; O.T.Bogomolov - Problems of late Industrialization: An Asian Perspective; S.Ishikawa - Africa and India: What do we have to learn from each other?; A.K.Sen - Valedictory Address; M.Singh - PART 2 THE HISTORICAL PERSPECTIVE - Introduction to Part 2; P.S.Labini - William Petty and the Conceptual Framework for the Analysis of Economic Development; A.Roncaglia - The Role of Industry in Economic Development: The Contrasting Theories of Francois Quesnay and Adam Smith; W.Eltis - The Analytics of the Agriculture- Industry Relation; K.Bharadwaj - Market, Non-Market, Quasi-market and the `Real' Economy; I.Sachs - Small-scale Industry in Rural Areas: The Spanish Experience since the Beginning of this Century; A.Vazquez-Barquero - Small-scale Industry in Rural Areas: The Italian Experience; G.Fua - Discussion on Part 2 - Index