MSc Political Economy of Late Development

Drawing in the research expertise and practical experience of the Department of Economic History and the Department of International Development, this joint programme provides you with a unique opportunity to combine the study of the processes, policy and practice of contemporary development with the study of long-run global processes of growth and divergence.

How societies overcome poverty to create healthy, wealthy and sustainable societies - and why some persistently fail to achieve this - are common questions in Development Studies and Economic History. By combining courses from both fields, you'll pursue a high quality programme that combines the in-depth analysis of longer-run historical patterns of growth, explorations of concrete development problems - and policy responses to them, and 'regional' courses that draw on theory and empirical evidence to appraise long and short-run development processes and outcomes in Africa, Asia, and Latin America.

The programme brings together the analysis of long-run growth with modern approaches to development policy and practice. The full-unit core course in Development introduces you to the theories and historical experience of development, as well as cutting-edge policy debates. The core couse in Economic History gives you a rigorous exposure to core issues involved in analysing long-run historical change. You'll choose from a wide range of elective courses in both departments, allowing you to compile a programme according to your interests and goals, and will write a dissertation on an approved topic of your choice.

The programme brings together students from diverse academic and professional backgrounds. It's relevant for students planning a career in development work, including international and national agencies and NGOs, as well as international business. The programme also provides a good foundation for doctoral level social science research and careers in the media.

The following is a list of general Economic History books that you might want to take a look at before you arrive at LSE. Please note, these books are listed as a general introduction to Economic History and may not appear on the reading lists of the courses that you actually take - they are presented as a starting point.

• Acemoglu, D. and Robinson, J. (2012), Why Nations Fail: The Origins of Power, Prosperity and Poverty, London: Profile
• Allen, R.C. (2009), The British Industrial Revolution in Global Perspective, Cambridge: Cambridge University Press
• Austin, Gareth M. Markets, Slaves and States in West African History, c.1450 to the present (Cambridge: CUP 2013)
• Austin, Gareth M. & Kaoru Sugihara (eds.) Labour-intensive industrialisation in Global History (London: Routledge 2013)
• Baten, Joerg (2016), A History of the Global Economy. Cambridge
• Broadberry, S. and O’Rourke, K. (eds.) (2010), The Cambridge Economic History of Modern Europe, Cambridge: Cambridge University Press
• Crafts, N.F.R. and Fearon, P. (2013), The Great Depression of the 1930s: Lessons for Today, Oxford: Oxford University Press
• Darwin, J. (2007), After Tamerlane: The Rise and Fall of Global Empires, 1400-2000, London: Allen Lane
• Engerman, Stanley L. & Kenneth L. Sokoloff Economic Development in the Americas since 1500: endowments and institutions (Cambridge: CUP/NBER 2012)
• Findlay, R. and O’Rourke, K. (2009), Power and Plenty: Trade, War, and the World Economy in the Second Millennium (Princeton Economic History of the Western World), Princeton: Princeton University Press
• Floud, Roderick, Fogel, Robert, Harris, Bernard, and Hong, Sok Chul (2011), The Changing Body: health, nutrition, and human development in the western world since 1700. Cambridge
• Greif, A. (2006) Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Political Economy of Institutions and Decisions) Cambridge: Cambridge University Press
• Hatcher, J. and Bailey, M (2001), Modelling the Middle Ages: The History and Theory of England’s Economic Development, Oxford: Oxford University Press
• Herschman, Albert O. (2013), The Passions and the Interests: political arguments for capitalism before its triumph. Princeton
• King, Mervyn (2016), The End of Alchemy: money, banking and the future. Little, Brown
• Livi-Bacci, Massimo (2012), A Concise History of Worl Population. Wiley Blackwell
• Mackenzie, D (2006), An Engine, Not a Camera: How Financial Models Shape Markets. Cambridge, Mass: MIT Press
• Morgan, Mary S. (2012), The World in the Model: How Economists Work and Think, Cambridge: Cambridge University Press
• North, D.C., Wallis, J.J. and Weingast, B. (2009), Violence and Social Orders: A Conceptual framework for Interpreting Recorded Human History, Cambridge; Cambridge University Press
• Parthasarathi, P. (2011), Why Europe Grew Rich and Asia Did Not: Global Divergence, 1600-1850, Cambridge: Cambridge University Press
• Pomeranz, K. (2000), The Great Divergence: China, Europe and the Making of the Modern World Economy, Princeton: Princeton University Press
• Reinhart, C.M. and Rogoff, K.S. (2009), This Time is Different: Eight Centuries of Financial Folly, Princeton: Princeton University Press
• Rosenthal, J-L and Wong, R. Bin (2011), Before and Beyond Divergence: The Politics of Economic Change in China and Europe, Harvard University Press
• Roy, T. (2012), India in the World Economy: From Antiquity to the Present (New Approaches to Asian History), Cambridge: Cambridge University Press
• Von Glahn, Richard (2016), The Economic History of China from Antiquity to the Nineteenth Century (CUP)
• Yun-Casalilla, B. and O’Brien, P. (2011), The Rise of Fiscal States: A Global History, 1500-1914, Cambridge: Cambridge University Press.

LSE is home to one of the largest specialist economic history departments in the world, with 25 permanent teaching staff, as well as visiting academics and researchers.

We use social science concepts and theories as a starting point to study the evolution of real economies in their social, political and cultural contexts.

Collectively, our academics have a huge breadth and depth of knowledge, ranging from the Medieval period to the current day, and covering every world economy, from the Americas to Asia, Africa and Europe.

The department’s research interests range from social well-being to technology and finance, and from the history of economic ideas to global trade patterns. Our research has informed decision-making in numerous government departments, NGOs, and international bodies such as the World Bank and the International Monetary Fund.

Drawing on their research strengths, our academics hold editorial and board membership roles on many world-renowned journals (such as Cliometrica and the Economic History Review) and regularly share their insights in the national and international media.

Currently, the department offers three undergraduate degree programmes and a range of postgraduate degrees and research opportunities. Many of our graduates secure high-profile teaching and research roles in the UK and internationally.

Learn more about our programmes and research.

Department of Economic History

We welcome applications from all suitably qualified prospective students. At LSE, we want to recruit students with the best academic merit, potential and motivation, irrespective of background.

We carefully consider each application and take into account all the information included on your application form, such as your:

• academic achievement (including predicted and achieved grades)
• statement of academic purpose
• two academic references
• CV.

See further information on supporting documents.

You may need to provide evidence of your English language proficiency. See our English language requirements.

Applications for this programme are considered on a rolling basis. This means that applications will close once the programme is full.

There is no fixed deadline. However, if you’d like to be considered for any funding opportunities, you must submit your application (and all supporting documents) by the funding deadline. See the fees and funding section below for more details.

For this programme, the tuition fee is different for home and overseas students depending on their fee status.

For this programme, the tuition fee is different for home and overseas students depending on their fee status.

All taught courses are required to include formative coursework which is unassessed. It's designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment may be conducted during the course or by final examination at the end of the course. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

The programme is primarily intended for students planning a career in development work, and provides a good foundation for social science research in development.

Further information on graduate destinations for this programme

From CV workshops through to careers fairs, LSE offers lots of information and support to help you make that all-important step from education into work.

Many of the UK’s top employers give careers presentations at the School during the year and there are numerous workshops covering topics such as job hunting, managing interviews, writing a cover letter and using LinkedIn.

See LSE Careers for further details.