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"Games in Economic Development presents a unified view of the difference between the rich countries and the third world. The rich countries have institutions that counteract many different co-ordination failures that plague the third world. Bruce Wydick explains those failures theoretically, and he illustrates them beautifully with many colorful and convincing examples. Some of these are from his own experience in Guatemala. Yes, this is what economic development is all about." - George Akerlof, Nobel Laureate in Economics, 2000, University of California at Berkeley
"Drawing from a voluminous literature, this book illustrates a number of important economic concepts with simple game theory examples. The tone is student-friendly, the presentation insightful and entertaining...an excellent companion to courses in the economics of development and institutional change, and relevant reading for development practitioners." - Marcel Fafchamps, Oxford University
"Game theory explains how rational, far-seeing individuals left to their own devices may fail to achieve social rationality. The emergence of game theory shifted the focus of development economics from relationships of production to relationships among people. Bruce Wydick's book provides a lively introduction to the game-theoretic perspective on economic development. Telling examples explain why public school teachers in poor countries are so often absent, why deworming programs that could make everyone better off fail, why rational farmers may adopt the wrong technology, and how corruption becomes entrenched. A broad and up-to-date survey of patterns of interaction that contribute to the persistence of poverty or create an escape hatch." - Karla Hoff, Senior Research Economist, The World Bank
"In Games in Economic Development, Bruce Wydick begins to bring to life the academics of game theory with the practicalities of economic development in the field. The work provides practitioners with a fresh and relevant framework for evaluating dilemmas faced in the field of economic development and comprehending options for interventions. It breaches the divide between academic theory and practical development issues in a way that sheds understanding and clarity to the discussion of the subject." - Jim Reiff, CEO - Growing Opportunity Finance (India), member of the Opportunity International Network
Book Description Games in Economic Development examines the roots of poverty and prosperity through the lens of elementary game theory, illustrating how patterns of human interaction can lead to vicious cycles of poverty as well as virtuous cycles of prosperity. The book is entertaining to read, intended for a broad audience, and can be accessed with little background in development economics or game theory.
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