En busca del crecimiento. Front Cover. William Easterly En busca del crecimiento: andanzas y tribulaciones de los economistas del William Easterly. William Easterly. · Rating details · 1, ratings · 67 reviews. Why economists’ attempts to help poorer countries improve their economic well-being have. The Paperback of the En Busca Del Crecimiento by William Easterly at Barnes & Noble. FREE Shipping on $ or more!.
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Refresh and try again. Open Preview See a Problem? Thanks for telling us about the problem. Return to Book Page. The Elusive Quest for Growth: 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. Creciiento remedies have included providing foreign aid, investing in machines, foster Why economists’ attempts to help poorer countries improve their economic well-being have failed.
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 eastelry 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. Crecimientp in an accessible, at times irreverent, style, Easterly’s book combines modern growth theory with anecdotes from em fieldwork for the World Bank. Paperbackpages. Published August 2nd by Mit Press first published Economists’ Adventures and Misadventures in the Tropics.
Crrecimiento see what your friends thought of this book, please sign up. To ask other readers questions about The Elusive Quest for Growthplease sign up. Be the eawterly to ask a question about The Elusive Quest for Growth. Lists with This Book. Jul 21, Chris rated it it was amazing Shelves: Recently went back and re-read this book. As other reviewers mentioned, I am curious to see what Easterly would say of this more optimistic earlier work, but crefimiento this text is an excellent, accessible history of economic development in the 20th century.
: William Easterly: Books
Easterly explains the progression of economic thought and the fate of the ‘latest and greatest’ foreign aid ideas spurred by ever changing growth theories. Contrary to some of the spurious one-line reviews below, this book is definitely not Recently went back and re-read this book. Contrary to some of the spurious one-line reviews below, this book is definitely not the work of a laissez-faire ideologue.
Easterly is, however, quite critical of the aid establishment’s record though, once again, optimistic about the potential for aid as poor gov’ts grow increasingly competent and decreasingly corrupt. Easterly is concerned with economic growth, and he adroitly explains how aid of all shapes and forms has largely failed to positively impact development. If you’d like to see some of the good aid has done, you will have to look to improvements in quality-of-life, not the subject of this book, which can be found in Charles Kenny’s draft “The Success of Development.
Jun 15, Camille rated it liked it Shelves: William Easterly may have still been a little idealistic when he wrote his first major book. While his cases are interesting, his general thesis remains that altogether the World Bank and IMF aren’t so bad, they just mess up a little.
After the publication of his latest manuscript White Man’s Burden Easterly would say today. Given William Easterly may have still been a little idealistic when he wrote his first major book. Given the two broad “camps” of development, it is interesting to understand the logic underlying the Economics camp, which is often critiqued for being out of touch with the real life impacts and fallout of their policy prescriptions.
Feb 24, Jim rated it it was amazing Shelves: This is an outstanding book. If you are interested in economics, or how the world works you should read this.
An outstanding discussion about how first world foreign aid to developing nations just doesn’t help. Outstanding writing, and easy to read, comprehend. Since both are decent writers the concepts they expre This is an outstanding book. Since both are decent writers the concepts they express are well within the grasp of general voting public.
En busca del crecimiento – William Easterly – Google Books
Sachs and Easterly are in a bit of a war of words about economic growth. Both distinguished scholars, both fighting it out with ping-pong op-eds in the Washington Post and other papers.
Mar 26, Oliver Een rated it really liked it. A nice primer on development economics circa Lots of good stuff here on the failure of aid and debt relief, as well as a nascent recognition of the importance of institutions. In hindsight, Easterly was a tad too pessimistic — the next twenty years of data, driven by China’s growth, were probably better than anyone hoped for.
But given how poor development’s track record was, I suppose pessimism was warranted. Even for an academic, Easterly is a poor writer, but shining through his wooden A nice primer on development economics circa Even for an academic, Easterly is a poor writer, but shining through his wooden prose is a genuine concern for people in developing countries.
Little vignettes on the lives deo ordinary people separate each chapter.
Some of the stories are heartbreaking. A good reminder for economists, buried in their theories, not to lose sight of the human. This is the first book I read from W. Easterly and I am really satisifed with the level of detail and his approach.
Easterly has worked for the World Bank as an economist and senior adviser at the Macroeconomics and Growth Division. As such he has experience from the kitchen that allows him to summarize what has been done This is the first book I read from W.
As such he has experience from the kitchen that allows him to summarize what has been done in the past years by the big world economies for the problems of the financially-hindered countries. He shows why even though there is vast amount of cash that is poured in projects that should enbetter the life of many, results are not so impressive.
He also compares the measurable effects based on the staring point of eachmarket where measures has been applied. It’s an interesting and educational read, for sure. The book is good for those that want to get another point of view of some of the worlds problems and consider why some seemingly easy solutions has negative impact on the whole system. May 17, Eric rated it liked it.
Easterly is more concerned with witticisms than he is in a full-fledged analysis of the principles of growth.
eastrrly All of his wisdom for growth comes straight from the neo-liberal playbook except for a few situations in which government can step in to pick up the slack where social benefits will be greater than the benefits won by eastegly, as in the case of technological innovation.
As is common in the ‘scientific’ economic literature, a berating of ‘do-gooders’ is obligatory, and Easterly does Easterly is more concerned with witticisms than he is in a full-fledged analysis of the principles of growth. As is common in the ‘scientific’ economic literature, a berating of ‘do-gooders’ is obligatory, and Easterly doesn’t shy from his hard-nosed dismissal of anyone he thinks is silly enough to ignore the universal law of unintended consequences or the economic rationality of every decision humans make.
Therefore, anything people may attempt to do that is outside of the law of supply-and-demand is bound to create more problems. Generally, I think this is a load of BS, and even more to the point, is plain old subterfuge. This book, as do most books by professional economists, hide the nature of capital creclmiento the dynamics of power involved in capital.
Crecimienho 07, Manuel Fernandez rated it it was amazing. Mar 11, Kevin Vejrup rated it really liked it. The book presents plenty of interesting concepts related to development economics and complement them with great historical examples. It does seem a bit unstructured by shifting between theory, historical examples, empirical evidence and unrelated personal stories from poor countries.
Put the mind to work, but doesn’t change ones perspective of development economics significantly. In the ‘s where the first African countries got independence Ghanathe most supported growt theory was th Vrecimiento book presents plenty of interesting concepts related to development economics and complement them with great dasterly examples. According to which growth depended on investment, and as savings were low, aid should finance investment. Robert Solow wrote in that growth was not determined by investment in steady statebut by technological progress.
Solow did not apply the model to poor countries and Easterly argues that it should drecimiento have been. The Luddite Fallacy is the silly idea that technological progress will lead to unemployment, whereas it really allows increased production.
En Busca del Crecimiento
The name stems from workers in Nottingham inwho lost their jobs to knitting machines and therefore smashed them. Easterly shows the poor effect of adjustment dasterly loans to promote policies of growthwhich were very used to a great extent from ‘s to ‘s.
The adjustment loans were poorly set up and had perverse incentives for both donor and receiver.
The solution to growth is increasing returns vrecimiento knowledge. That is the idea that a skilled individual is more valuable together with an individual with the same skill – knowledge being more complements than supplements. Backward areas have an advantage in deel new supplemental technology as they have not vested interest in the old technology it is replacing.
These arguments are exemplified by economic historian Mokyr in the English loss as technological leader after the industrial revolution. Path depency also explains technological progress, i. Other technologies are complemental technology that benefits from existing deelwhich supports status quo. He reviews government policies that ruin growth by good use of examples: Internal division is examplified by Ghana, where the majority Akan groups set up a huge ‘tax’ on cocoa, which were produced by the minority Ashanti group.