Economic Development

E. Wayne Nafziger is University Distinguished Professor of Economics at Kansas State University. He is the author and editor of nineteen books and numerous journal articles on development economics, income distribution, development theory, the economics of conflict, the Japanese economy and entrepreneurship. His book, Inequality in Africa: Political Elites, Proletariat, Peasants, and the Poor (Cambridge University Press), was cited by Choice as an Outstanding Academic Book for 1989–1990. Professor Nafziger is also the author of The Debt Crisis in Africa (1993) and the editor (with Frances Stewart and Raimo Vayrynen) of the two-volume War, Hunger, and Displacement: The Origins of Humanitarian Emergencies (2000). He has held research positions at the UN University's World Institute for Development Economics Research, the Carter Center, the East–West Center and in Nigeria, India, Japan and Britain. Professor Nafziger edited the Journal of African Development from 2008 to 2010.

• Preface; Part I. Principles and Concepts of Development: 1. How the other two-thirds live; 2. What is development?; 3. Economic development in historical perspective; 4. Characteristics and institutions of developing countries; 5. Theories of economic development; Part II. Poverty Alleviation and Income Distribution: 6. Poverty, malnutrition, and income inequality; 7. Rural poverty and agricultural transformation; Part III. Factors of Growth: 8. Population and development; 9. Employment, migration, and urbanization; 10. Education, health, and human capital; 11. Capital formation, investment choice, information technology, and technical progress; 12. Entrepreneurship, organization, and innovation; 13. Natural resources and the environment: toward sustainable development; Part IV. The Macroeconomics and International Economics of Development: 14. Monetary, fiscal, and incomes policy, and inflation; 15. Balance of payments, aid, and foreign investment; 16. The external debt and financial crises; 17. International trade; Part V. Development Strategies: 18. The transition to liberalization and economic reform: Eastern Europe, the former Soviet Union, and China; 19. Stabilization, adjustment, and reform.

'Now in its fifth edition, Nafziger's Economic Development has gone from the best in the field to the classic in the field, the most comprehensive statement and analysis of the major issues of development. It is essential for students in both economics and development studies, and an invaluable aid to instructors. Indeed, every person who wishes to be well-informed about the inequalities among countries should read the third chapter, 'Economic Development in Historical Perspective'.' John Weeks, School of Oriental and African Studies, University of London