Planning and Budgeting in Poor Countries

Wildavsky, Aaron and Naomi Caiden. Planning and Budgeting in Poor Countries. New York: John Wiley & Sons, 1974.

“It should be little surprise that although economic planning has enjoyed something of a venerated status in the development literature, a proposition should be made for its total abandonment. Naomi Caiden and Aaron Wildavsky present a well-argued and well-documented case against all development plans, which represent little more than false dreams, and advocate their replacement with ‘continuous budgeting’ as opposed to a single comprehensive annual budget. This the authors content is the most rational and realistic approach to raise economic growth, given the realities of ‘poverty and uncertainty’ which face governments in the Third World.”

– From a review in: The Journal of Modern African Studies, Vol. 15, No. 1, March 1977.