Planning Without Facts : Lessons in Resource Allocation from Nigeria's Development. With an Input-Output Analysis of the Nigerian Economy, 1959-60

As Head of the Economic Planning Unit of Nigeria from 1960 to 1962, Wolfgang Stolper was largely responsible for formulating a plan for the economic development of that country. But his book is not primarily about Nigeria. Extensively illustrated by specific data, it offers valuable insights into the process of making resource allocation decisions in any developing country. The author demonstrates how theoretical concepts can best be put to use in real situations where time, staff, and information are strictly limited, and argues that profitability is the best criterion for investment. Contents Tables Figures Foreword Author's Preface I. Planning without Facts II. Planning in Nigeria III. A General View of Planning IV. National Accounting from a Planning Standpoint V. Investment Criteria from a Planning Standpoint VI. Economic Policies from a Planning Standpoint: Money, Taxes, and the Balance of Payments VII. Economic Policies from a Planning Standpoint: Government and Business VIII. Politics and Economics APPENDIX: An Input-Output Analysis of the Nigerian Economy, 1959-60 Index