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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... trade theory , economic harmony is already built into its basic assumptions . There are plenty of good arguments for free trade , but Chapter 4 argues that David Ricardo's is not one of them . Delving deeper into the economics of ...
... trade theory ( see Appendix I ) , which recommends that a nation should specialize where it is most effective compared to other nations , and shows that this type of specialization leads to a gain in total welfare . Adam Smith ...
... 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 . The price , in other words , of labour and capital ...
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 |