Poland's jump to the market economy
In: Journal of international economics, Band 37, Heft 1-2, S. 123-128
ISSN: 0022-1996
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In: Journal of international economics, Band 37, Heft 1-2, S. 123-128
ISSN: 0022-1996
In: Journal of international affairs, Band 45, Heft 1, S. 165-179
ISSN: 0022-197X
World Affairs Online
In: Challenge: the magazine of economic affairs, Band 33, Heft 5, S. 10-12
ISSN: 1558-1489
In: Kyklos: international review for social sciences, Band 27, Heft 3, S. 554-582
ISSN: 1467-6435
In: Journal of political economy, Band 81, Heft 6, S. 1479-1479
ISSN: 1537-534X
In: Political science quarterly: a nonpartisan journal devoted to the study and analysis of government, politics and international affairs ; PSQ, Band 87, Heft 2, S. 294-295
ISSN: 1538-165X
In: Journal of international economics, Band 1, Heft 3, S. 371-373
ISSN: 0022-1996
In: Economica, Band 38, Heft 150, S. 121
In: The Pakistan development review: PDR, Band 10, Heft 4, S. 500-503
The Little-Mirrlees Manual of Industrial Project Analysis in-
Developing Countries is divided into two parts; the first of which is
addressed "to the senior administrator or politician, who should
understand the broad lines of what is implied by operating a system of
social cost-benefit analysis"; and the second "to those who will
actually make project evaluations, and teach others how to make them".
In fact, the two parts make an integral whole, since the first part of
the book raises several broad issues the answers to which are given in
the second part. For instance, on page 44 the "senior administrator or
politician" is told of the dilemma of the choice between
employment-generating and rein¬ vestment-generating projects; a project
which employs a lot of labour will get higher marks because it results
in a lot of consumption by the poor now. But the incomes generated by
such a project will be almost entirely spent. There will, therefore, be
little savings generated and so such a project will contribute little to
further investment, which, in turn, yields future consumption", while a
capital-intensive project with a high reinvestment rate makes a greater
contribution to the future, but a smaller one to present welfare. Unless
the "senior administrator or politician" is willing to read difficult
and often obscure discussions in Partll (Ch. 13) he will have no idea
how to go about resolving the dilemma. There is little fear, however,
that the nonprofessional reader will get through Part I, not to speak of
Part II. To be sure, the authors give a warning that "some of the
chapters of Part I may be a little academic for the senior man who has
become familiar with economics by practical exposure and does not want
to feel that he is going back to school", but they grossly underestimate
the gap between the layman's ability to cope with abstract concepts and
their "own ability to use plain English. I wonder what the intelligent
layman is to make of the following passage which occurs on page 41 and
which I chose almost at random:
In: Economica, Band 35, Heft 137, S. 22
In: Journal of political economy, Band 72, Heft 6, S. 625-626
ISSN: 1537-534X
In: Economica, Band 31, Heft 124, S. 345
In: Journal of political economy, Band 72, Heft 5, S. 518-519
ISSN: 1537-534X
In: Journal of political economy, Band 69, Heft 2, S. 207-208
ISSN: 1537-534X
In: Journal of political economy, Band 68, Heft 3, S. 252-283
ISSN: 1537-534X