Comments on Professor Milton Friedman's article "Foreign Economic Aid: Means and Objectives" (published in Yale Review, Summer 1958). The article states that "despite the intentions of foreign economic aid, its major effect, insofar as it has an effect at all, will be to speed the communization of the underdeveloped world." This paper dispels some of the general arguments against foreign economic aid which are advanced by Friedman. Reasonable objectives of foreign economic aid are suggested, as well as its distinct limitations as a means of accomplishing other objectives.
Wolf, Charles, Jr., Economic Aid Reconsidered. Santa Monica, CA: RAND Corporation, 1961. https://www.rand.org/pubs/papers/P2217.html. Also available in print form.
Wolf, Charles, Jr., Economic Aid Reconsidered, Santa Monica, Calif.: RAND Corporation, P-2217, 1961. As of September 08, 2021: https://www.rand.org/pubs/papers/P2217.html