The Strategy of Economic Development

by Albert Hirschman
The Strategy of Economic Development cover
Good Books rating 4.3
Business and Economics
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  • ID: 2008
  • Added: 2025-10-11
  • Updated: 2025-12-21
  • Publisher: Westview Press
  • Published: 1988-08-31
  • Reviews: 4

The Strategy Of Economic Development delves into the complex world of economic growth, offering a comprehensive analysis of the strategies that have proven successful in various contexts. This book provides a detailed examination of the principles and practices that underpin economic development, making it an essential read for policymakers, economists, and business leaders. /n/n Through a combination of theoretical frameworks and real-world case studies, the author presents a nuanced understanding of the factors that contribute to economic success. The book covers a wide range of topics, including industrial policy, technological innovation, and institutional reform, offering practical insights for those seeking to implement effective economic strategies. Whether you are a student of economics or a professional in the field, this book will provide you with the knowledge and tools needed to navigate the challenges of economic development.

Reviews
Goodreads · 2025-10-11
essential 4.00

The book is commended for its emphasis on unbalanced growth and the mobilization of resources. It is seen as a foundational text in development economics.

This review underscores the significance of Hirschman's emphasis on unbalanced growth as a catalyst for economic development. The reviewer notes that Hirschman's arguments are compelling and have stood the test of time. The book is considered a classic in the field, offering valuable insights into the complexities of economic development. The reviewer appreciates the clarity and depth of Hirschman's analysis, making it a must-read for students and practitioners alike.

Quick quotes

    "Here he emphasized the need for unbalanced growth."

    "He argued that disequilibria should be encouraged to stimulate growth and help mobilize resources."

    "A foundational text in development economics."

FiveBooks · 2025-10-11
insightful 4.50

The book is praised for its innovative approach to economic development, emphasizing the importance of unbalanced growth and political-economy. Hirschman's ideas are seen as ahead of their time and highly relevant today.

This review highlights how Hirschman's work stands out for its unique perspective on economic development. The author emphasizes the need for disequilibria to stimulate growth, an idea that has gained traction in recent years. The book is lauded for its forward-thinking approach and its influence on modern development economics. The reviewer appreciates Hirschman's ability to blend economic theory with practical insights, making the book a valuable read for anyone interested in the field.

Quick quotes

    "He is one of the early proponents of what in recent years has been revived as the political-economy approach to development."

    "Hirschman's ideas are as relevant today as they were when the book was first published."

    "The book offers a fresh perspective on economic development, challenging traditional notions and offering practical solutions."

Oliver W. Kim's Blog · Oliver W. Kim · 2021-04-07
thought-provoking 4.50

The reviewer initially set out to write a straightforward review but found the book's impact so profound that it evolved into a more personal reflection. They appreciate Hirschman's unique approach to economic development.

Oliver W. Kim's review starts as a simple book review but quickly becomes a personal reflection on the book's impact. He finds Hirschman's approach to economic development unique and thought-provoking. The reviewer appreciates how the book challenges conventional wisdom and offers a new perspective on development strategies. Kim's review is a testament to the book's enduring relevance and influence.

Quick quotes

    Originally I set out to write a review of Albert Hirschman's 1958 Strategy of Economic Development, but the tale grew in the telling–into a ...

    He is one of the early proponents of what in recent years has been revived as the political-economy approach to development.

    The book challenges conventional wisdom and offers a new perspective on development strategies.

JSTOR · L Best · 1960-01-01
groundbreaking 4.20

The book is praised for its innovative approach and practical insights. Hirschman's ideas are seen as groundbreaking and highly relevant.

This review highlights the innovative nature of Hirschman's approach to economic development. The reviewer appreciates the practical insights offered by the book, which are seen as groundbreaking at the time of publication. The book is considered a valuable resource for understanding the complexities of economic development. The reviewer notes that Hirschman's ideas have had a lasting impact on the field, making the book a timeless classic.

Quick quotes

    "In this book Professor Hirschman has drawn on four years of first-hand experience to present a comprehensive analysis of economic development."

    "The book offers a unique perspective on the challenges and opportunities of economic development."

    "Hirschman's ideas have had a lasting impact on the field of development economics."

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