Volume 31, Number 12 · July 19, 1984
The Wealth of Nations
By Stephen A. Marglin
Economic Development: Theory, Policy, and International Relations
by Ian M.D. Little
Basic Books, 452 pp., $22.95
The economics of 'development' goes back hardly a generation. It emerged with the dissolution of the European empires following World War II, and was given stimulus by cold war politics and claims made for the Marshall Plan in reconstructing Western Europe. On the pattern of the Marshall Plan, relatively small amounts of aid over a short period, it was thought, would set the 'newly emergent nations' firmly on a course toward material prosperity without the necessity for social and economic revolution. The task of development economics was to chart that course.
Review, 5008 words
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