Classification of Economic Development Theories from the Perspective of Equality in Respect to Their Mutual Trade

Nowadays economics development is known as a research branch, that on the one hand it is concerned with the interpretation of resource allocation process and economic development in less developed countries, and on the other hand, it encompassed scientific advice for the economic development process (including the selection of development strategy and associated policies as well). This paper aimed to study main viewpoints of economic development and the mainstream frameworks on the theory making process in the field, after establishment of core of the theory, developing applications and examining the comments were more heightened. In this paper, for a theoretical understanding of formation of the theories, firstly, the historical backgrounds of the theories is reviewed. And then the study will discuss the paradigms which their beliefs, values, perceptions and methodologies are clearly defined and they are able to acquire the support of a large number of economic schools members.