Abstract
Despite the exponential explosion of published work by economists writing about the problems and issues of Third World countries, there seems to be a diminution in useful knowledge about the process of economic progress. Many articles utilize formal models-assuming fixed prices and solving for employment, or vice versa. Taxpayers in donor countries are said to be suffering from aid fatigue, and recipients are doubtful about the validity of IMF-imposed conditionality requirements. Certainly, there has been no shortage of debunkers and mythshatterers in the field. A leading modern development economics text, written about ten years ago, warns the reader against believing in four exceedingly fundamentalist dogmas:
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