Abstract
There is widespread agreement among economists that market prices, including exchange rates and interest rates, are not reliable measures of social costs and benefits.
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Notes
Tinbergen, Jan, Design for Development (Washington: Economic Development Institute, IBRD, 1955);
Little, I. M. D. and Mirrlees, J. A., ‘Project Appraisal and Planning for Developing Countries’ (Heinemann, 1974).
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© 1976 Alec Cairncross and Mohinder Puri
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Cairncross, A. (1976). The Limitations of Shadow Rates. In: Cairncross, A., Puri, M. (eds) Employment, Income Distribution and Development Strategy: Problems of the Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-81529-6_12
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DOI: https://doi.org/10.1007/978-1-349-81529-6_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-81531-9
Online ISBN: 978-1-349-81529-6
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