Originally published in 1967, the modest and plainly descriptive
title of Development Projects Observed is deceptive. Today, it is
recognized as the ultimate volume in Hirschman's groundbreaking
trilogy on development, and as the bridge to the broader social
science themes of his subsequent writings. Though among his
lesser-known works, this unassuming tome is one of his most
influential. It is in this book that Hirschman first shared his now
famous "Principle of the Hiding Hand." In an April 2013 New Yorker
issue, Malcolm Gladwell wrote an appreciation of the principle,
described by Cass Sunstein in the book's new foreword as "a bit of
a trick up history's sleeve." It can be summed up as a phenomenon
in which people's inability to foresee obstacles leads to actions
that succeed because people have far more problem-solving ability
that they anticipate or appreciate. And it is in Development
Projects Observed that Hirschman laid the foundation for the core
of his most important work, Exit, Voice, and Loyalty, and later led
to the concept of an "exit strategy."
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