The international aid industry's experimentation with political economy analysis is on the road to nowhere, so long as major assumptions remain unchallenged; namely, that development is a public good and reform comes from experts and enlightened reformers working in partnership on new institutions, whilst development failures are the result of information failures or perverse incentives, as collective action problems. This book provocatively argues that donor efforts to think and work more politically have not adequately addressed, to date, the structural dimensions of power and interests and the political economy of the aid industry itself. The authors address these 'elephants in the room' via a lively critique of technical and agency-focu...