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This is a book on economic development written by practitioners. It is the result of specific experiences encountered by a group of economists working for the Harvard Development Advisory Service in the process of making policy recommendations to various governments. The contributions to this volume deal with specific-country issues drawn from only four countries' Argentina, Colombia, Pakistan, and Liberia. The volume is divided into the following six parts: (1) planning, macro models, and development strategy; (2) stabilization and short-term policy; (3) fiscal policy; (4) agricultural development; (5) education, manpower, labor, and wages; and finally (6) evaluation. The bulk of the papers are included in the first two parts (seven papers), with the last four parts containing only one contribution each. [ABSTRACT FROM AUTHOR]

This article presents a review of the book "Readings in the Modern Theory of Economic Growth," edited by Joseph E. Stiglitz and Hirofumi Uzawa.

This volume consists of fifteen essays based upon material presented during 1965-1966 at an MIT seminar on the theory of optimal economic growth. For a lover of good capital theory with a fair amount of mathematical sophistication (or a more-than-fair desire to start acquiring it), it presents a varied but delightful menu. [ABSTRACT FROM AUTHOR]

The article reviews the book "Financial Development and Economic Growth: The Economic Consequences of Underdeveloped Capital Markets," edited by Arnold Sametz.

The article reviews the book "Finance and Development in Thailand," by Alek A. Rozental.

The article presents a review of the book "Financial Deepening in Economic Development," by Edward S. Shaw.

These two books constitute a modest contribution to the already voluminous literature on the financing of economic development. These monographs are part of the Praeger Special Studies in International Economics and Development, the stated objective of which is to make specialized research available to the academic, business, and government communities. Both volumes are revised doctoral dissertations and as such, while they may narrowly fit the stated objectives of the publisher, certainly appeal to only a limited audience and suffer some of the obvious shortcomings in publishing this type of work. Although both works come in fancy hardcover editions at the non-bargain price of $15.00 each, once the cover is opened the inferior editorial work and printed format come as a disappointment. These volumes are neither typeset nor printed double-column justified, as a normal printed page would appear, but are merely photo reproductions of the typed manuscripts. Form aside, the editorial work is exceedingly poor. Stylistically, the editor should have done much more in transforming these works from dissertations to published manuscripts. In addition, these works are filled with numerous typographical errors, difficult to justify in any professional monograph, and especially in view of the high price. One must certainly question whether a published hardcover book is the appropriate vehicle to present the research and analysis of the two authors. The work of Areskoug (abbreviated EPB in what follows) would seem to be more appropriately presented as a journal article, perhaps in two parts. The volume by Kim (referred to as FCED below) is somewhat larger and broader in scope and background material. It is not suitable for journal presentation as is. However, the basic analysis could easily have been abstracted from it and presented in that manner. But my quarrel is really with the publisher rather than the authors. [ABSTRACT FROM AUTHOR]

The book is divided into three parts. Part One, on growthmania, the no-choice myth, and the choices open to us, is really quite excellent as far as it goes. This is the brilliant student of the agnostic contemporary welfare economics at his very best. He cuts through the myths of "growth," "political and international necessities," and "progress" to remind the policy-maker that after all there is freedom of choice in this world. In this respect, there is even much in common between the student of welfare-economic theory and many of the practitioners of the New Politics in the United States. [ABSTRACT FROM AUTHOR]

The article reviews the book "Financing African Development," edited by Tom J. Farer.

The article reviews the book "The Financial Sector and Economic Development: The Mexican Case," by Robert L. Bennett.

The article reviews the book "Revolution, Evolution, and the Economic Order," by Allen M. Sievers.

The article reviews the book "What Price Economic Growth?," edited by Klaus Knorr and William J. Baumol.

The article reviews the book "Economic Growth and Instability," by D. Hamberg.

The article reviews the book "Massnahmen zur Förderung der privaten Kapitalbildung im Portugiesischen Reich," by Ralph Von Gersdorff.