Prosperity Versus Planning

Prosperity Versus Planning : How Government Stifles Economic Growth

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The basic argument of this treatise is that Western nations are wealthier and more productive than other countries because of their market-oriented economic institutions. It takes a free-market approach to the subject of economic development, exploring opportunities and obstacles for development. The author challenges conventional wisdom by arguing that foreign aid is largely harmful to the Third World and that multinational companies are largely beneficial. The text concludes with a discussion of the necessary underpinnings of economic development: the security of private property rights, purpose-independent law and free markets.show more

Product details

  • Hardback | 284 pages
  • 155 x 235 x 28mm | 542g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 22 line drawings
  • 0195073533
  • 9780195073539

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