I was thinking the same thing.
http://www.canb.auug.org.au/~millerp/rmch/recu-make-cons-harm.html

On Wed, Apr 14, 2004 at 04:18:53PM +0100, Richard Jones wrote:
> Have you considered using a single non-recursive Makefile?  Then you
> can use ocamldep and a single .depend file to store the built
> dependencies, and you can also be sure that your builds will be
> correct.
> 
> Rich.
> 
> -- 
> Richard Jones. http://www.annexia.org/ http://www.j-london.com/
> Merjis Ltd. http://www.merjis.com/ - improving website return on investment
> If I have not seen as far as others, it is because I have been
> standing in the footprints of giants.  -- from Usenet
> 
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