Adjustment and financing in the developing world: The role of the international monetary fund

Recent Books in Macroeconomics* Accumulation and Development: The Logic of Industrial Civilization. Celso Furtado. New York: St. Martin’s Press, 1983. 201 pp. $27.50 ISBN O-312-00239-4. This is an English edition of a Brazilian book published in 1978. The author argues that unplanned and unthinking innovation frequently leads to bolstering the chronic wealth divisions of the Third World. He wants independent protest groups in the Third World and the West to challenge the power of those he claims control industrial technology (states, bureaucracies, and multinationals), so that alternative solutions may be found and a more just economic order achieved.

Adjustment and Financing in the Developing World: The Role of the Znternational Monetary Fund. Tony Killick, ed. Washington, D.C.: The International Monetary Fund in association with the Overseas Development Institute, London, 1982. 232 pp. $12.00 ISBN O-939934-18-3 ($8.00 ISBN O-939934-19-1 paperbound). This book contains the revised versions of the seven papers presented at a seminar arranged jointly by the IMF and the U.K. Overseas Development Institute and held in October 1981, and includes an overview and summaries.

Economics Theory

of Natural Resources. W. Eichhorn, R. Henn, K. Neumann, and R.W. Shephard, eds. Wiirzburg: Physica Verlag, 1982. 645 pp. $43.00 ISBN 3-7908-0274-3. This volume presents 42 hitherto unpublished articles which provide a state-of-the-art representation of research on the depletion of natural resources. The papers are grouped by depletion and substitution; locational aspects and fishery; markets and prices; production and growth; environment and welfare; and energy-modeling and methodology. *Please mention when ordering from

the journal publishers.

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