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Of the many different ways in which economists have tried to analyse public expenditure, the most relevant to Indian economic development is that which links the level of public expenditure with the rate at which the state can accumulate capital. The abstract theory of this link, however, must be complemented by a historical account of the degree to which a state accumulation policy was understood by Indian policy makers, and of the other (often inconsistent) elements in the economic strategy of Indian nationalism. After attempting to provide accounts both of the abstract theory and of the institutional and policy context within which it was applied, this book analyses original empirical data on public expenditure in India between 1960 and 1970. The real growth rate of public expenditure, its functional and economic composition at the all-India level are presented, and the strong contrast between the patterns of the first and last five year periods is elucidated. The effect of the 1965-67 droughts and bad harvests in producing this contrast is assessed

One of the central choices that confronts designers of direct taxes is that of the precise combination of equity and administrative ease. Both equity and administrative ease are normally accepted as desirable objectives in the design of taxes. But the objectives conflict with each other. Equity requires a tax sufficiently flexible to adjust the size of the tax payment to the individual taxpayer's ability to pay. Administrative simplicity, by contrast, requires a tax where the due payment can be quickly and simply calculated, and promptly and conveniently collected. Thus tax designers face the painful dilemma of being able to achieve improvements in equity only by increasing the difficulty of tax administration, or, alternatively, of being able to reduce these difficulties only by accepting additional inequities.

Over the last twenty years a succession of theories of politics has appeared of which the hallmark is an attempt to adapt utilitarian marginalism to the purpose of political explanation. Theories in this intellectual style may be designated 'economic' theories of politics since utilitarian marginalism was first developed in the context of economic theorizing; its invention was indeed the birth of a notion of 'economies' as distinct from the 'political economy'of Smith, Ricardo, Marx and J. S. Mill. Anthony Downs pioneered the economic approach with his bravura economic theory of democracy in 1957, which remains probably the best-known example of it. Many of the fundamental objections to economic theories of politics were explored by C. B. Macpherson in 1961 in a brief but penetrating essay; but Macpherson's essay was not decisive in checking the popularity of such theories. Despite his criticism, they have continued to proliferate.

Much about India's economy and aid flows has changed in the last two decades. India's growth rate has quickened since economic liberalisation, the poverty head count has fallen and the volume and composition of its aid have changed as new issues of climate change and the environment have emerged..Yet Does Aid Work in India?, first published in 1990, remains of great interest as a study of aid effectiveness in India's pre-liberalisation era. It identifies those sectors where aid-funded interventions succeeded, and where they failed. It explains how India avoided problems of aid dependence, and

Cover -- Table of Contents -- Foreword -- Acknowledgments -- List of Abbreviations -- Introduction -- 1 The UN Trade and Development Debates of the 1940s -- 2 The UN Recruits Economists -- 3 Michal Kalecki, the World Economic Report, and McCarthyism -- 4 From Full Employment to Economic Development -- 5 The Early Terms-of-Trade Controversy -- 6 ECLA, Industralization, and Inflation -- 7 Competitive Coexistence and the Politics of Modernization -- 8 The Birth of UNCTAD -- 9 UNCTAD under Raúl Prebisch: Success or Failure? -- 10 World Monetary Problems and the Challenge of Commodities -- 11 The Conservative Counterrevolution of the 1980s -- 12 What Lessons for the Future? -- Appendix: List of Archival Sources -- Notes -- Index -- About the Authors -- About the UN Intellectual History Project.

Development economists, when they discuss the role played by international trade in a country'seconomic development, tend to tell one of three types of story. The first and oldest is a happy storywhich shows how the welfare of both (and by easy extension, all) countries which engage in trade isincreased, even when one country is absolutely very rich and the other is absolutely very poor. Thesecond, of much more recent vintage, is a dull and detailed story about the way in which differences ineconomic structure between countries bias the gains from trade in favour of the rich, technologicallyad