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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... returns as production expands . The first copy of a Microsoft product may cost $ 100 million to produce , copies ... diminishing returns set in . The law of diminishing returns essentially says that when one factor of production has been ...
... diminishing returns is the key feature of their production . Economists who assume a world where increasing returns is a key feature will reach opposite conclusions as regards population compared to economists who assume a world where ...
... diminishing returns . As we have mentioned , diminishing returns come in two categories : intensive and extensive . If you put more and more men to work the same field , you will eventually get to the point where a worker produces less ...
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 |