The Strategy of Economic Development. Albert O. Hirschman.

The Strategy of Economic Development

New York: W.W. Norton & Company, Inc., 1978. First Printing. Trade Paperback. Very rare. Used - Good/Very Good. Toned. Clean, unmarked, tight. Original wraps have some fading to spine area. Some bumping to head of spine. 13 x 19.5 cm. Index. 217 pp. Item #14191

From Malcolm Gladwell in The New Yorker, The Gift of Doubt, 24 June 2013:

Hirschman published his first important book, “The Strategy of Economic Development,” in 1958. He had returned from Colombia by then and was at Yale, and the book was an attempt to make sense of his experience of watching a country try to lift itself out of poverty. At the time, he was reading deeply in the literature of psychology and psychoanalysis, and he became fascinated with the functional uses of negative emotions: frustration, aggression, and, in particular, anxiety. Obstacles led to frustration, and frustration to anxiety. No one wanted to be anxious. But wasn’t anxiety the most powerful motivator—the emotion capable of driving even the most reluctant party toward some kind of solution?

In the field of developmental economics, this was heretical. When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty. They wanted to build bridges and roads and airports and dams to insure that businesses and entrepreneurs encountered as few impediments as possible to growth. But, as Hirschman thought about case studies like the Karnaphuli Paper Mills and the Troy-Greenfield folly, he became convinced that his profession had it backward. His profession ought to embrace anxiety, and not seek to remove it.

Price: HK$200.00

See all items in Economics
See all items by