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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... economic growth as originating in adding capital to labour - employs a trade theory based on the labour theory of value that otherwise only survived in the communist ideology . Capitalist trade theory describes production that takes ...
... growth accounting ' ; of trying to split up and attribute this residual to different factors , under headings like ... economic growth . The deeper question is what lies behind these variables . The abstract of my Ph.D. thesis , written ...
... economic order , was based on bartering labour hours devoid of any qualities or skills , in activities that were ... growth , particularly in its fragile early stages , was ' activity - specific ' : intimately tied to particular types of ...
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 |