Equality, The Third World, And Economic Delusion

Equality, The Third World, And Economic Delusion

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Even In Impoverished Countries Lacking Material And Human Resources, P. T. Bauer Argues, Economic Growth Is Possible Under The Right Conditions. These Include A Certain Amount Of Thrift And Enterprise Among The People, Social Mores And Traditions Which Sustain Them, And A Firm But Limited Government Which Permits Market Forces To Work. Challenging Many Views About Development That Are Widely Held, Bauer Takes On Squarely The Notion That Egalitarianism Is An Appropriate Goal. He Goes On To Argue That The Population Explosion Of Lessdeveloped Countries Has On The Whole Been A Voluntary Phenomenon And That Each New Generation Has Lived Better Than Its Forebears. He Also Critically Examines The Notion That The Policies And Practices Of Western Nations Have Been Responsible For Third World Poverty. In A Major Chapter, He Reviews The Rationalizations For Foreign Aid And Finds Them Weak; While In Another He Shows That Powerful Political Clienteles Have Developed In The Western Nations Supporting The Foreign Aid Process And Probably Benefiting More From It Than The Alleged Recipients. Another Chapter Explores The Link Between The Issue Of Special Drawing Rights By The International Monetary Fund On The One Hand And The Aid Process On The Other.Throughout The Book, Bauer Carefully Examines The Evidence And The Light It Throws On The Propositions Of Development. Although The Results Of His Analysis Contradict The Conventional Wisdom Of Development Economics, Anyone Who Is Seriously Concerned With The Subject Must Take Them Into Account.

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Frequently Asked Questions

  • Q: What is the main argument presented in 'Equality, the Third World, and Economic Delusion'? A: The main argument of the book is that economic growth is possible in impoverished countries if specific conditions are met, such as thrift, enterprise, and a limited government that allows market forces to operate.
  • Q: Who is the author of this book? A: The author of 'Equality, the Third World, and Economic Delusion' is Baron Peter Thomas Bauer.
  • Q: What topics does Bauer challenge in this book? A: Bauer challenges widely held views about development, including the effectiveness of egalitarianism as a goal and the belief that Western nations' policies are primarily responsible for third world poverty.
  • Q: How does the book address foreign aid? A: The book critically examines the rationale for foreign aid, suggesting that it is often weak and that powerful political interests in Western nations benefit more from it than the intended recipients.
  • Q: What is the publication date of this book? A: The book was published on December 12, 1981.
  • Q: What is the format and condition of the book? A: The book is available in paperback format and is listed in very good condition.
  • Q: How many pages does 'Equality, the Third World, and Economic Delusion' have? A: The book contains 304 pages.
  • Q: What is the significance of market forces in Bauer's analysis? A: Bauer emphasizes that market forces must be allowed to work for economic growth to be realized, suggesting that thrifty and enterprising behavior among the population is crucial.
  • Q: Does the book offer a positive or negative view of population growth in less-developed countries? A: Bauer argues that the population explosion in less-developed countries has been largely voluntary and that each new generation tends to live better than the previous one.
  • Q: What edition of the book is available? A: The book is available in a reprint edition.