Easterly, Buchanan, Hayek, and Economic Development

When I was an undergraduate student, the vast majority of my readings came from textbooks. For several years I looked at supply and demand graphs, calculated unemployment rates and elasticities, and answered questions about how changes in particular variables would impact inflation and economic growth according to various models.
During my senior year, however, our economic research class was assigned two “popular press” books by well-known economists. The topic of the course that semester was economic development. I’m forever grateful for those book assignments.
One of these books I have, and will probably always keep, in my office. Occasionally, I look back at the

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