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Building again on the reasoning of Poole and Van de Ven (1989), we posit that to describe the process of financial innovation is to describe its development, and an explanation of how things develop requires a theory of development.
That whole theory of development is strongly disproved.
Each theory of development has had its own distinctive prescription for doctrinal stability and doctrinal change.
The Freudian theory of development with Erikson's modifications provides for a succession of drive-control (inner and environmental) interactions.
Yet for all the efforts to come up with a general theory of development, the truth is that economic growth remains something of a mystery.
Returning to teaching at Hunter in 1969, he began elucidating a theory of development based on universal professionalization and investment in human potential.
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Theories of development became academic during World War II.
Too many third-world leaders, Mr. Lee said, had bought into fashionable theories of development that were more political than pragmatic.
In the last few years, developments in different parts of the world, especially in the matter of food, prompt reflection on the different theories of development that have been propounded from time to time.
The previous section discussed the theories of development of financial innovations and the contingencies under which each development theory applies.
The existence of such integrated systems seemed otherwise difficult to explain by the sequential development of parts, as implied in Aristotelian and other "epigenetic" theories of development.
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