From the late nineteenth century to the eve of World War II, America's experts on Russia watched as Russia and the Soviet Union embarked on a course of rapid industrialization. Captivated by the idea of modernization, diplomats, journalists, and scholars across the political spectrum rationalized the enormous human cost of this path to progress. In a fascinating examination of this crucial era, David Engerman underscores the key role economic development played in America's understanding of Russia and explores its profound effects on U.S. policy.

American intellectuals from George Kennan to Samuel Harper to Calvin Hoover understood Russian events in terms of national character. Many of them used stereotypes of Russian passivity, backwardness, and fatalism to explain the need for--and the costs of--Soviet economic development. These costs included devastating famines that left millions starving while the government still exported grain.

This book is a stellar example of the new international history that seamlessly blends cultural and intellectual currents with policymaking and foreign relations. It offers valuable insights into the role of cultural differences and the shaping of economic policy for developing nations even today.

“A superb, field-changing book…A true classic.”
—Sunil Amrith

“Makes a major contribution towards a necessary discussion of the politics of aid.”
—Times Higher Education

Debates over foreign aid are often strangely ahistorical. Economists argue about effectiveness—how to make aid work—while critics bemoan money wasted on corruption, ignoring the fundamentally political character of aid. The Price of Aid exposes the geopolitical calculus underpinning development assistance, and its costs.

India stood at the center of American and Soviet aid competition throughout the Cold War, as both superpowers saw developmental aid as a way of pursuing their geopolitical goals by economic means. Drawing on recently declassified files from seven countries, David Engerman shows how Indian leaders used Cold War competition to win battles at home, eroding the Indian state in the process. As China spends freely in Africa, the political stakes of foreign aid are rising once again.

“A magnificent book. Anyone who seeks to understand contemporary India and its development struggles will have to start here. Engerman’s work is not only enlightening, it turns much of what we thought we knew about India, foreign aid, and the Cold War in South Asia upside down.”
—O. A. Westad, author of The Cold War

“An outstanding history…Drawing on an unprecedented array of official and private archives in India, Russia, the United States, and Britain, Engerman offers a superb account—one that integrates the ideologies and policies of the superpowers with a sharp analysis of the push-and-pull of policymaking in India. This is a landmark study of independent India as well as the Cold War.”
—Srinath Raghavan, author of India’s War