The Poverty of

The Poverty of "Development Economics" / Edition 2

by Deepak Lal
     
 

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ISBN-10: 0262122340

ISBN-13: 9780262122344

Pub. Date: 09/18/2000

Publisher: MIT Press

In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According

Overview

In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk,
and either a floating or rigidly fixed exchange rate.

Product Details

ISBN-13:
9780262122344
Publisher:
MIT Press
Publication date:
09/18/2000
Edition description:
second edition
Pages:
195
Product dimensions:
6.00(w) x 8.90(h) x 0.50(d)
Age Range:
18 Years

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