The Revolution of Development Economics

Author: James A. Dorn (USA), Steve H. Hanke (USA), Alan A. (UK)
Publisher:
Publish Date: 2000-10-01
Features: This book is a new collection of essays on modern development economics. The authors fully utilize modern economic theories such as new institutional economics, new growth theory, public choice theory, and property rights theory, combined with numerous case studies, to reveal the fatal flaws of traditional development economics, which emphasizes central planning and government intervention. They irrefutably argue that a market economy is the correct choice for economic development policies in developing countries.