In This Review

Development Without Aid
Development Without Aid
By Melvyn B. Krauss
McGraw-Hill New Press, 1982, 208 pp.

Aid is a secondary subject of this book, which is mostly about the damage to development resulting from the policies of most governments. These are traced to the devotion to the welfare state in both rich and poor countries. The strength of this Manhattan Institute volume is in the vigor and clarity of its arguments for private enterprise. Its weaknesses are exaggeration and simplification, which lead to such conclusions as, "Just one course on free markets and the competitive economy from Milton Friedman, and the Shah might have died in peace on the Peacock Throne."