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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Erik S. Reinert. production costs ( due to the increasing returns ) . The increasing returns produce market power : to a large extent they are able to influence the price of what they sell . This is termed ' imperfect competition ' . It ...
... increasing returns . Common sense precedes science . As Edward Misselden , an early English economist , put it in the 1620s : ' before we knew it by sense , now we know it by science ' . The origin of increasing returns is normally ...
... increasing returns back on the map both in terms of policy and theory . The founder of neo - classical economics Alfred Marshall ( 1842-1924 ) keeps the reference to increasing returns , 21 but it later disappears from neo - classical ...
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 |