P. T. Bauer is a pioneer: from the outset his studies and reflections about economic development led him to conclusions that diverge from the mainstream. The Development Frontier illustrates his characteristic approach, in which economic analysis is allied with careful observation of the economic scene and economic processes in the less developed world. The book is further enriched by his understanding of the interplay between social and political factors and forces conventionally regarded as falling within the purview of economics.

One of Bauer's central themes is the crucial importance of traders in transforming subsistence and near-subsistence economies into exchange economies. In contrast to the conventional view that traders are parasitic, Bauer views them as productive: they encourage new wants, convey information about new opportunities, and help producers take advantage of these opportunities. Other major topics include internal trade in less developed countries, occupational distribution and economic advance, Third World debt, price and income stabilization of primary producers, and official resource transfers (foreign aid).

Bauer presents arresting insights and graphic illustrations. He challenges the preconceptions and attitudes of nonspecialists and specialists alike, whether he is writing about the role of traders, the population explosion, Hong Kong, or the views of the late Sir John Hicks on economic history.

The 1990s witnessed significant changes in the Cuban economy. The first half of the decade focused on obtaining the adjustments necessary to enable the country to overcome the profound economic crisis that had befallen it. The second half was characterized by the reality and possibilities of economic recovery. This volume may be the first academic text specifically written to assess the development perspectives of Cuba in the new conditions that prevail. The overarching question is "What comes after recovery?" The authors deal with questions of immediate relevance to the Cuban economy and its recent past, with emphasis placed on the implications for long-term prospects for development. This reflects the conviction that solutions to the challenge of development will require longer periods of analysis and different areas of focus than those which have served as the temporal and conceptual references for recent studies of the island's economy. Contributors include Julio Carranza, Anicia Garci;a, Hiram Marquetti, Lázaro Peña, Omar Everleny Perez, and Julio Di;az Vázquez (University of Havana), Claes Brundenius (Centre for Development Research, Copenhagen), David Dapice (Tufts University and Harvard University), Francisco León (United Nations Economic Commission for Latin America and the Caribbean), and Mauricio de Miranda (Pontificia Universidad Javeriana, Colombia).

Just as trade, finance, information, and technologies are moving rapidly across borders, so too have labor markets and transnational migrant communities. Migrants are sending large quantities of money back to their countries of origin in the form of philanthropy, remittances, and commercial investments. They are also sharing knowledge and skills learned or developed abroad. Is greater global equity an inevitable consequence of such diaspora philanthropy, or can this giving actually aggravate inequity? Diasporas and Development examines the positive—and sometimes negative—impacts of diaspora engagement in Africa, Asia, Central America, and the Caribbean.

How can the equity impact of this global giving be maximized? Might creative intermediary mechanisms or public policies help channel diaspora philanthropy in positive directions? They also explore motivations for the dark sides of diaspora engagement such as support for extremist organizations, organized crime, ethnic violence, and even civil war. Diasporas and Development aims to deepen the understanding of the promise and pitfalls of diaspora philanthropy and how it might help bridge the distances between societies in an unequal world.

Economists celebrate the market as a device for regulating human interaction without acknowledging that their enthusiasm depends on a set of half-truths: that individuals are autonomous, self-interested, and rational calculators with unlimited wants and that the only community that matters is the nation-state. However, as Stephen A. Marglin argues, market relationships erode community. In the past, for example, when a farm family experienced a setback—say the barn burned down—neighbors pitched in. Now a farmer whose barn burns down turns, not to his neighbors, but to his insurance company. Insurance may be a more efficient way to organize resources than a community barn raising, but the deep social and human ties that are constitutive of community are weakened by the shift from reciprocity to market relations.

Marglin dissects the ways in which the foundational assumptions of economics justify a world in which individuals are isolated from one another and social connections are impoverished as people define themselves in terms of how much they can afford to consume. Over the last four centuries, this economic ideology has become the dominant ideology in much of the world. Marglin presents an account of how this happened and an argument for righting the imbalance in our lives that this ideology has fostered.

With style and imagination, this iconoclastic work covers the major issues in development economics. In eight carefully reasoned essays, P. T. Bauer challenges most of the accepted notions and supports his views with evidence drawn from a wide range of primary sources and direct experience.

The essays were selected on the basis of their interest to students and general readers from Bauer's book, Dissent on Development: Studies and Debates in Development Economics. Reviewing the previous work, the Wall Street Journal wrote: "It could have a profound impact on our thinking about the entire development question... Quite simply, it is no longer possible to discuss development economics intelligently without coming to grips with the many arguments P. T. Bauer marshalled in this extraordinary work."

Nobel Laureate Edmund Phelps and an international group of economists argue that economic health depends on the widespread presence of certain values, in particular individualism and self-expression.

Nobel Laureate Edmund Phelps has long argued that the high level of innovation in the lead nations of the West was never a result of scientific discoveries plus entrepreneurship, as Schumpeter thought. Rather, modern values—particularly the individualism, vitalism, and self-expression prevailing among the people—fueled the dynamism needed for widespread, indigenous innovation. Yet finding links between nations’ values and their dynamism was a daunting task. Now, in Dynamism, Phelps and a trio of coauthors take it on.

Phelps, Raicho Bojilov, Hian Teck Hoon, and Gylfi Zoega find evidence that differences in nations’ values matter—and quite a lot. It is no accident that the most innovative countries in the West were rich in values fueling dynamism. Nor is it an accident that economic dynamism in the United States, Britain, and France has suffered as state-centered and communitarian values have moved to the fore.

The authors lay out their argument in three parts. In the first two, they extract from productivity data time series on indigenous innovation, then test the thesis on the link between values and innovation to find which values are positively and which are negatively linked. In the third part, they consider the effects of robots on innovation and wages, arguing that, even though many workers may be replaced rather than helped by robots, the long-term effects may be better than we have feared. Itself a significant display of creativity and innovation, Dynamism will stand as a key statement of the cultural preconditions for a healthy society and rewarding work.