The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics

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William R. Easterly (Professor of Economics, faculty affiliate of Africa House, Co-Director of Development Research Insti, New York University)

The Elusive Quest for Growth

Economists' Adventures and Misadventures in the Tropics

William R. Easterly (Professor of Economics, faculty affiliate of Africa House, Co-Director of Development Research Insti, New York University)

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English

Massachusetts Inst of Tec
02 August 2002

Economics & Business; Economic theory & philosophy; Development economics

Series: The MIT Press

Why economists' attempts to help poorer countries improve their economic well-being have failed.

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that people-private individuals and businesses, government officials, even aid donors-respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

By: William R. Easterly (Professor of Economics faculty affiliate of Africa House Co-Director of Development Research Insti New York University)
Imprint: Massachusetts Inst of Tec
Country of Publication: United States
Edition: New edition
Dimensions: Height: 229mm, Width: 152mm, Spine: 19mm
Weight: 476g
ISBN: 9780262550420
ISBN 10: 0262550423
Series: The MIT Press
Pages: 400
Publication Date: 02 August 2002
Recommended Age: From 18
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

William Easterly is the author of The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001) and The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good. He is Professor of Economics at New York University (Joint with Africa House), Codirector of NYU's Development Research Institute, visiting Fellow at the Brookings Institution, and Nonresident Fellow of the Center for Global Development in Washington, DC.

Reviews for The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics

A highly readable and iconoclastic treatment of the determinants of economic growth. -Richard N. Cooper, Foreign Affairs It is impossible to convey the depth and range of TheElusive Quest for Growth. -Bruce Bartlett, The Wall Street Journal