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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... rich countries got rich because for decades , often centuries , their states and ruling elites set up , subsidized and protected dynamic industries and services . They all emulated the most prosperous countries at the time , bringing ...
... rich nations tend towards being more equally rich , while the poor seem to converge towards being equally poor . A result of this is that the ' medium - rich ' or middle - income nations are disappearing , and the two convergence groups , ...
... rich after 1485 have all done so in defiance of Ricardo's economic theories . History's first deliberate large - scale industrial policy was based on an observation of what made the rich areas of Europe rich : that technological ...
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 |