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. |
From inside the book
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... devel- opment in terms of frictionless ' perfect markets ' totally misses the point . Perfect markets are for the poor . It is equally futile to try to understand this development in terms of what economists refer to as ' market failure ...
... devel- opment economists . Four elements are inexorably intertwined : 1 ) trade theory ; 2 ) the lack of will to discuss the assumptions of economic theory on the basis of common sense ; 3 ) faith in the ability of the market to produce ...
... line with those of classical devel- opment economists who advocate industrialization . In his early work , The Theory of Moral Sentiments , Smith interestingly Palliative Economics : Why the Millennium Goals are a Bad Idea 245.
Contents
Discovering Types of Economic Theories | 1 |
The Evolution of the Two Different Approaches | 21 |
How Rich Countries Got Rich | 71 |
Copyright | |
8 other sections not shown
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 |