Economic Aid Reconsidered
Expert InsightsPublished 1961
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.
Document Details
- Copyright: RAND Corporation
- Availability: Web Only
- Year: 1961
- Pages: 22
- Document Number: P-2217
Citation
RAND Style Manual
Wolf, Charles, Jr., Economic Aid Reconsidered, RAND Corporation, P-2217, 1961. As of September 10, 2026: https://www.rand.org/pubs/papers/P2217.html
Chicago Manual of Style
Wolf, Charles, Jr., Economic Aid Reconsidered. Santa Monica, CA: RAND Corporation, 1961. https://www.rand.org/pubs/papers/P2217.html.
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