Development Without Aid Growth, Poverty, and Government

Development Without Aid is a tremendous statement on the effect of the Welfare State as the enemy of the masses. Big government, as Krauss unequivocally demonstrates with telling comparison and documentation, is destructive of the economy in a multiplicity of ways. The author posits economic development without aid as “an essential condition for economic development.” Krauss makes a compelling and convincing argument that the international marketplace is a much more potent antidote to poverty in less developed areas than is the international transfer of income.

Melvyn Krauss is the William L. Clayton Senior Fellow at the Hoover Institution. He is also emeritus professor of economics at New York University. He is an expert on international economics and economic development.