"I believe that numbers and functions of Analysis are not the arbitrary result of our minds; I think that they exist outside of us, with the same character of necessity as the things of objective reality, and we meet them or discover them, and study them, as do the physicists, the chemists and the zoologists."

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Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his superb classic Macroeconomics in Emerging Markets, he has surpassed even himself. He uniquely fills the gap between rich-country-obsessed macro- and micro-obsessed developing-country analysis. No student of the macroeconomics of development will henceforward be able to do without this book.

— William Easterly