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Development Projects Observed, by Albert O. Hirschman
Download Ebook Development Projects Observed, by Albert O. Hirschman
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Originally published in 1967, the modest and plainly descriptive title of Development Projects Observed is deceptive. Today, it is recognized as the ultimate volume of Hirschman's groundbreaking trilogy on development, and as the bridge to the broader social science themes of his subsequent writings. Though among his lesser-known works, this unassuming tome is one of his most influential.
It is in this book that Hirschman first shared his now famous "Principle of the Hiding Hand." In an April 2013 New Yorker issue, Malcolm Gladwell wrote an appreciation of the principle, described by Cass Sunstein in the book's new foreword as "a bit of a trick up history's sleeve." It can be summed up as a phenomenon in which people's inability to foresee obstacles leads to actions that succeed because people have far more problem-solving ability that they anticipate or appreciate.
And it is in Development Projects Observed that Hirschman laid the foundation for the core of his most important work, Exit, Voice, and Loyalty, and later led to the concept of an "exit strategy."
- Sales Rank: #12218449 in Books
- Published on: 1967-12
- Original language: English
- Number of items: 1
- Binding: Paperback
- 197 pages
About the Author
Albert O. Hirschman (1915-2012) was an influential economist who is widely regarded as one of the twentieth century's most extraordinary intellectuals. His other books include Exit, Voice, and Loyalty: Responses to Decline in Firms, Organizations, and States (Harvard University Press, 1970) and The Strategy of Economic Development (Yale University Press, 1958).
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0 of 0 people found the following review helpful.
The Hiding Hand is a myth
By Bent Flyvbjerg
The main idea in this book is the "principle of the Hiding Hand," which takes "pride of place" in the book, in Hirschman's own words. For anyone who plans to read the book, I suggest you also read the following article from the peer-reviewed journal World Development, "The Fallacy of Beneficial Ignorance: A Test of Hirschman's Hiding Hand" (free pdf here: http://bit.ly/26oYmdi). You will see that the empirical basis for the Hiding Hand and other ideas in the book –�however interesting and spirited – is not only weak, but biased. This calls into question the validity of Hirschman's ideas, as presented in this book.
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