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The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics
by William Easterly
from The MIT Press
Customer Reviews:
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Avg. Customer Rating: 4.5 / 5.0 
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And the Wizard explains Oz... 
Easterly is a brilliant and talented writer, as one would expect from the World Bank. At times, though, the Bank is isolated from the benefits of being subjected to such talent. Individual efforts are certainly reviewed, but at the end of the day, Stiglitz and others have argued that the very points Easterly makes suggests that the Bank is far off the course set by its mandate. We are therefore left with yet another recommended "fine tuning" of WB programming without a serious reflection over whether the WB... more info
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A Partial Answer to the Question of Why the World is the Way it is 
The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics by William Easterly is an honest answer to part of the question, "why hasn't the world improved like we thought it would?" Easterly conducts a post-mortem conference on western aid programs since the end of World War II, finding that in many cases we should have known better. The incentives created by some nations' economic environment, or the aid programs themselves led national economies into periods of stagnant or... more info
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Elementary at Best 
I understand that it's a book written to be accessible to people like myself who are not economists and will NEVER be economists, but that does not mean I have to be treated like I am severely unintelligent. The reading level of this book falls far below what any college educated person should be expected to read. I don't think the author of this book is nearly as deserving of the high accolades (not to mention profits) he has been receiving for writing this book. When a book contains the phrase 'I think... more info
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Indispensable read for those interested in economic development
William Easterly, who worked as an economist for many years at the World Bank, tries to explain why many of the recipes economists devised for economic growth in the Third World didn't work out: neither foreign aid, neither greater expenditure in education, neither population control programs (among others) seemed to work. The reason, says Easterly, is that those recipes ignore a crucial truth in economics: people respond to incentives. None of these programs were devised in making people take advantage of... more info
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