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The Political Economy of Growth, by Paul A. Baran
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One of the most influential studies ever written in the field of development economics, this book has, since first publication in 1957, bred a whole school of followers who are producing further works along the lines indicated by Baran. Concerned with the generation and use of economic surplus, it analyzes from this point of view both the advanced and the underdeveloped countries. A work in political economy rather than solely in economics, this book treats the economic transformation of society as one facet of a total social and political evolution.
- Sales Rank: #318631 in Books
- Brand: Brand: Modern Reader Paperbacks
- Published on: 1957-01-01
- Released on: 1957-01-01
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .88" w x 5.25" l, .98 pounds
- Binding: Paperback
- 352 pages
- Used Book in Good Condition
Most helpful customer reviews
7 of 7 people found the following review helpful.
Still Great After 50 Years
By not me
"The Political Economy of Growth" is a long essay on 20th century capitalism and its implications (mostly negative) for economic growth and development. The analysis is informed by Marxist concepts but isn't warped by Marxist dogma. The text is droll, almost Galbraithian, and hyper-alert to the cliches of capitalism. It's a pleasure to read.
Unfortunately, the book was also written long ago, in 1957. The world has changed a lot since then. The Washington Consensus has come and gone. China has emerged as an economic giant. Central planning has collapsed almost everywhere. And, contrary to the expectations of the author, Paul Baran, capitalist economies have grown significantly (if not evenly) since the 1950s. So, "The Political Economy of Growth" is definitely anachronistic.
Nevertheless, it is still worth reading. It's just packed with great ideas on everything from the impact of oligopolies in the U.S. to the role of British imperialism in destroying the Indian economy. Moreover, Baran had a genius for weaving bracing polemic out of deep erudition and deep political outrage. He was particularly skilled at exposing the role of mainstream economics in upholding the political and economic status quo in modern America.
Bottomline: In spite of its age, "The Political Economy of Growth" will appeal to readers of any political persuasion who are interested in economics and the history of the modern world. Read it.
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