Mr Ostrander pointed out that all four papers were iconoclastic in challenging prevailing developmental concepts. Professor Kemp’s exciting paper was full of truths. He had stressed that some people always saved and created new capital. However, Professor Kemp did not point out that inequality of income was usually a prerequisite to such capital formation. Egalitarian incomes would eliminate this source of capital formation.


Economic Incentive Capital Formation International Affair Country Study Adequate Measure 
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© South African Institute of International Affairs 1974

Authors and Affiliations

  • F. Taylor Ostrander

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