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The fallacy of beneficial ignorance: a test of Hirschman's Hiding Hand

Abstract:

Albert O. Hirschman's principle of the Hiding Hand stands stronger and more celebrated today than ever. The principle states that ignorance is good in planning, because if decision makers knew the real costs and difficulties of projects, few ventures would ever get started. The paper presents the first systematic test of the principle of the Hiding Hand, including a test of whether Hirschman's theory may be replicated with more and better data. This was found not to be the case. First, statis...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.worlddev.2016.03.012

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Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
Publisher:
Elsevier
Journal:
World Development More from this journal
Volume:
84
Pages:
176-189
Publication date:
2016-04-04
Acceptance date:
2016-03-03
DOI:
EISSN:
1873-5991
ISSN:
0305-750X
Keywords:
Pubs id:
pubs:618107
UUID:
uuid:248c82ce-09f2-4a4f-957b-1177a859cda2
Local pid:
pubs:618107
Source identifiers:
618107
Deposit date:
2016-04-28

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