Not an easy read, this volume has a boquet of articles by eminent economists (many of them Nobel laureates) on development theory and experience. While much of it is couched in obscure language and terminology, and will require much study and hitting the textbooks, a bonus is the 100-page mini-book by Hoff and Stiglitz (Modern Economic Theory and Development) and the Comment on it by Abhijit Banerjee. However, it is doubtful whether the average policy-maker or admininstrator will be left any the wiser at the end of this bulky volume. ( )