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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... neo - classical economics Alfred Marshall ( 1842-1924 ) keeps the reference to increasing returns , 21 but it later disappears from neo - classical theory . Increasing returns had a revival in the United States in the 1920s , with ...
... neo - classical economic theory , Paul Samuelson ' proved ' mathe- matically that unhindered international trade ... economics as ' New Institutional Economics ' . In its original form , it is rarely taught in the economics departments ...
... neo - classical economics responded with Samuelson's trade theory - published at the time of the Berlin Blockade – proving that , given the standard theoretical assumptions , global free trade would produce factor - price equal- ization ...
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 |