How Rich Countries Got Rich and why Poor Countries Stay PoorConstable, 2007 - 365 pages
Reinert presents a strongly revisionist history of economics and shows how the discipline has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economics on the other. He argues that our economies were founded on protectionism and state activism and could only later afford the luxury of free trade. When our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of mass affluence. |
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... described increasing returns and the virtuous circles of wealth they produce with considerably more clarity than Smith did in 1776. German economist Ernst Ludwig Carl ( 1682-1743 ) described the phenomenon of increasing returns in his ...
... described the phenomenon , Raymond Vernon ( 1913-99 ) and Louis T. Wells . 18 — What we see in Figure 8 is a typical pattern for technological development over time : rapid technological development that gradually flattens out . A new ...
... described in Venice , and minimal under the conditions he described in Naples . Sustained growth and a huge ' residual ' require diversity and ' Get the economic activities right ' , or , Creating Middle - Income Countries 275.
Contents
Discovering Types of Economic Theories | 1 |
The Evolution of the Two Different Approaches | 21 |
How Rich Countries Got Rich | 71 |
Copyright | |
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Other editions - View all
How Rich Countries Got Rich ... and Why Poor Countries Stay Poor Erik S Reinert Limited preview - 2019 |
How Rich Countries Got Rich ... and Why Poor Countries Stay Poor Erik S. Reinert No preview available - 2019 |