Addresses one of the most pressing issues of international political economy
Conventional wisdom has it that government management of the economy is the means to transform a backward economy into a dynamic, modern one. Yet, after decades of international aid programs, development planning is today largely perceived as a failure paralyzed by its own bureaucracy and inefficiency. Despite billions of dollars of investment, development successes are few and far between and waste and mismanagement abounds.
This book showcases a diverse range of development experiences in order to ascertain the reasons for this quagmire. Case studies of development planning in China, India, post-WWII Japan, South Korea, Africa, and Eastern Europe, and of foreign aid programs (including the Marshall Plan) illustrate the insights an Austrian approach provides toward an understanding of the failure of government development planning. While economists working within the Austrian tradition have previously addressed development issues, this volume represents the first full-length treatment of the subject from a modern market process perspective. Exploding the hegemony of the traditional development paradigm, The Collapse of Development Planning addresses one of the most pressing issues of international political economy.
Contributing to the volume are: George Ayittey (American University), Wayne T. Brough (Citizens for a Sound Economy, Washington, DC), Young Back Choi (St. John's University), Steven Hanke (Johns Hopkins University), Steve Horwitz (St. Lawrence University), Shyam J. Kamath (California State University, Hayward), Shigeto Naka (Hiroshima City University), David Osterfeld (St. Joseph's College), Manisha Perera (University of Northern Colorado), Jan S. Prybyla (Pennsylvania State University), Ralph Raico (State University College, Buffalo), Parth Shah (University of Michigan, Dearborn), Kurt Schuller (Johns Hopkins University), Kiyokazu Tanaka (Sophia University, Tokyo), and Mark Thorton (Auburn University).
About the Author :
Peter J. Boettke is Assistant Professor of Economics at New York University, the author of The Political Economy of Soviet Socialism: The Formative Years, 1918-1928 and Why Perestroika Failed, as well as editor of the The Elgar Companion of Austrian Economics. He was previously a National Fellow at the Hoover Institution on War, Revolution, and Peace.
Review :
"Discussions of Latino cultural citizenship and public culture have a distinguished and stimulating lineage in the work of major figures such as Renato Rosaldo, Rina Benmayour, and William Flores. With his new book that introduces literary history into the discussion, we must now add the name of John-Michael Rivera."
-Jose E. Limon, author of "American Encounters: Greater Mexico, the United States, and the Erotics of Culture"
"In elegant (and enviable) prose, Rivera's work calls for continued inquest into the role of stories, land, and memory in the formation of current Mexican political collectivities."
-"Aztlan: A Journal of Chicano Studies",
"Offers an eloquent and compelling account of nineteenth and twentieth century cultural production--one that resituates Mexicanos at the center of thinking about U.S. nation-making during the nineteenth century and beyond. . . . This stunning new text promises to reshape literary and theoretical work in American Studies."
-Mary Pat Brady, author of "Extinct Lands, Temporal Geographics: Chicana Literature and the Urgency of Space"
"The book's research base is impressive, and Rivera's reading of his sources is sophisticated, nuanced, and informed by the latest scholarship in ethnic, literary, sociological, and historical studies."
-Ernesto Chavez, University of Texas at El Paso
