The Other Canon of Economics Volume 1 Essays in the Theory and History of Uneven Economic Development 1st Edition by Erik Reinert ISBN ISBN 1839982985 9781839982989

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ISBN 10: 1839982985

ISBN 13: 9781839982989 

Author: Erik Reinert

Other Canon Economics: Essays in the Theory and History of Uneven Economic Development brings together key essays on development economics from one of the most prolific and important development economists and historians of economic policy today. Erik S Reinert argues through essays ranging from 1994 to 2020 that neo-classical economics damages developing countries: the theory of comparative advantage leaves out a number of factors which make economic activities qualitatively different as carriers of economic growth. Based on a long intellectual tradition – started by the Italian economists Giovanni Botero (1589) and Antonio Serra (1613) and later used in virtually all presently industrialised countries – Reinert shows that the country which exports increasing returns goods – e.g. high-end manufacture and advanced services – has advantages over the country which exports diminishing returns goods – i.e. commodities. This has very important implications for today’s development strategies that, Reinert argues, should be seen as variations of industrial strategies.

Table of contents:

Chapter 1 – Catching-up from Way Behind. A Third World Perspective on First World History
Chapter 2 – Recent Trends in Economic Theory — Implications for Development Geography
Chapter 3 – A Schumpeterian Theory of Underdevelopment – A Contradiction in Terms?
Chapter 4 – Competitiveness and Its Predecessors – A 500-Year Cross-national Perspective
Chapter 5 – Diminishing Returns and Economic Sustainability: The Dilemma of Resource-based Economies under a Free Trade Regime
Chapter 6 – Economics: ‘The Dismal Science’ or ‘The Never-ending Frontier of Knowledge’? On Technology, Energy and Economic Welfare
Chapter 7 – Production Capitalism vs. Financial Capitalism – Symbiosis and Parasitism. An Evolutionary Perspective and Bibliography
Chapter 8 – Globalization in the Periphery as a Morgenthau Plan: The Underdevelopment of Mongolia in the 1990s
Chapter 9 – Increasing Poverty in a Globalized World: Marshall Plans and Morgenthau Plans as Mechanisms of Polarization of World Incomes
Chapter 10 – An Early National Innovation System: The Case of Antonio Serra’s 1613 Breve Trattato
Chapter 11 – Innovation Systems of the Past: Modern Nation-States in a Historical Perspective. The Role of Innovations and of Systemic Effects in Economic Thought and Policy
Chapter 12 – The Other Canon: The History of Renaissance Economics
Chapter 13 – Benchmarking Success: The Dutch Republic (1500–1750) as Seen by Contemporary European Economists
Chapter 14 – Mercantilism and Economic Development: Schumpeterian Dynamics, Institution Building and International Benchmarking
Chapter 15 – Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’

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