The Revolution in Development Economics

by Dorn, James A.; Hanke, Steve H.; Walters, Alan A.; Klaus, Vaclav

• ISBN13: 9781882577552
• ISBN10: 1882577558
• Format: Hardcover
• Copyright: 1998-02-17
• Publisher: Cato Institute

Summary

The collapse of communism and the statist model of development planning has led to a revolution in development economics.

Table of Contents

FOREWORD The Rise of Market Liberalism	xi	(2)
Vaclav Klaus
EDITORS' PREFACE	xiii
1. Introduction-Competing Visions of Development Policy	1	(24)
James A. Dorn
PART I DISSENT ON DEVELOPMENT ECONOMICS	25	(70)
2. The Disregard of Reality	25	(16)
Peter Bauer
3. The Poverty of Nations	41	(14)
Karl Brunner
4. The Transformation of Developing Economies: From Plan to Market	55	(20)
Deepak Lal
5. Is Population Growth a Drag on Economic Development?	75	(20)
Julian L. Simon
PART II INSTITUTIONAL CHOICE AND ECONOMIC DEVELOPMENT	95	(112)
6. Institutions, Ideology, and Economic Performance	95	(14)
Douglass C. North
7. Economic Growth and the Property Rights Regime	109	(18)
Alan Rufus Waters
8. Institutional Choice and Public Choice: Lessons for the Third World	127	(20)
Charles K. Rowley
9. Tribal Ownership: A Curse on Native Americans' Economic Development	147	(16)
Steve H. Hanke
Barney Dowdle
10. Property Rights and the Economic Development of the Sahel	163	(18)
Wayne T. Brough
Mwangi S. Kimenyi
11. Indigenous African Institutions and Economic Development	181	(26)
Emily Chamlee-Wright
PART III THE FAILURE OF STATE-LED DEVELOPMENT POLICY	207	(68)
12. The First World's Misbegotten Economic Legacy to the Third World	207	(22)
Doug Bandow
13. Shut Down the Architects of a Failed Policy	229	(10)
Paul Craig Roberts
14. Western Subsidies and Eastern Reform	239	(12)
Peter Bauer
15. The Mischief of Moving Average Pricing	251	(10)
Alan A. Walters
16. The State and the Peasant: Agricultural Policy on Trial	261	(14)
John P. Powelson
PART IV ECONOMIC LIBERALISM, TRADE, AND GROWTH	275	(52)
17. Subsistence, Trade, and Exchange: Understanding Developing Economies	275	(14)
Peter Bauer
18. Economic Development and Economic Freedom	289	(12)
Bryan T. Johnson
Thomas P. Sheehy
19. Economic Inequality and the Quest for Social Justice	301	(6)
Karl Brunner
20. Taxation, Economic Growth, and Liberty	307	(20)
Alvin Rabushka
INDEX	327
ABOUT THE EDITORS