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Lawrence of Arabia is offline Lawrence of Arabia
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of the Gulag Archipelago
Apr 2001
time: 06:17
  Old Post 26-04-2005 09:48
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'The Elusive Quest for Growth: Economists Adventures and Misadventures in the Tropics Inflate your Upload Space

by William Easterly, former World Bank Employee


Has anyone read this book? Its amazing. It details all the policy mistakes made by development economists in the last 50 years. And im not talking about loans that failed. This guy attacks the very fundamentals behind the economics preached by those who came before him, things like subsidizing condoms to control populations (population growth = bad), using aid to cover the investment gap between savings and investment, and the failure of education to provide economic benefits to the people of the third world. The author used to work at the world bank, and shows us, fundamental by fundamental, how they got it all wrong.

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