Supporting your high street Find out how »
Basket Image


The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics, Paperback / softback Book

The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics Paperback / softback

Part of the The MIT Press series


Why economists' attempts to help poorer countries improve their economic well-being have failed. Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America.

Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms.

None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that people-private individuals and businesses, government officials, even aid donors-respond to incentives.

Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed.

Finally, he suggests alternative approaches to the problem.

Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.


  • Format: Paperback / softback
  • Pages: 360 pages, 4 illus.; 4 Illustrations, unspecified
  • Publisher: MIT Press Ltd
  • Publication Date:
  • Category: Economic theory & philosophy
  • ISBN: 9780262550420



Free Home Delivery

on all orders

Pick up orders

from local bookshops

Also in the The MIT Press series   |  View all