THE PAKISTAN DEVELOPMENT REVIEW
Recent Advances in Economics: A Book of Readings. Edited by Rendings Fels and John J. Siegfried. (Homewood, Illinois: Richard D. Irwin, 1974).
This book is the latest in the American Economic Association series of “readings”. But, unlike its predecessors, it is more difficult to review because there is not one but several themes, a mixed bag: mixed in subject matter, in approach, is one’s view of things, in its general tenor, and to some extent, in quality as well. It was published in response “to the realization that undergraduate instruction too often treats economics as an unchanging body of knowledge instead of as a field of research like medicine, astronomy and archaeology, in which new discoveries are constantly made” (P. v).