Peter Bauer draws conclusions about economic development that diverge from the mainstream. "The Development Frontier" illustrates his characteristic and distinctive approach: he bases his analyses on careful and direct observation of conditions in the developing world. In doing so, he takes...

ubject of this book is the intersection between political science and macroeconomics. The central idea is the existence of a political economic equilibrium in which the government acts to dampen the business cycle. The election cycle implies that this equilibrium may be a cycle rather than a...