Erik Reinert
The Other Canon of Economics, Volume 2: Essays in the Theory and History of Uneven Economic Development
The Other Canon of Economics, Volume 2: Essays in the Theory and History of Uneven Economic Development
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Excellent- More about The Other Canon of Economics, Volume 2: Essays in the Theory and History of Uneven Economic Development
Other Canon Economics: Essays in the Theory and History of Uneven Economic Development is a collection of essays by Erik S. Reinert that argue that neo-classical economics damages developing countries, and that the country which exports increasing returns goods has advantages over the country which exports diminishing returns goods.
Format: Hardback
Length: 526 pages
Publication date: 13 February 2024
Publisher: Anthem Press
Other Canon Economics: Essays in the Theory and History of Uneven Economic Development is a comprehensive collection of essential essays on development economics, authored by one of the most renowned and influential development economists and historians of economic policy today. Erik S. Reinert presents a compelling argument through a series of essays spanning from 1994 to 2020, asserting that neoclassical economics poses significant harm to developing countries. According to Reinert, the theory of comparative advantage overlooks several factors that differentiate economic activities in terms of their ability to drive economic growth. Drawing upon a rich intellectual tradition initiated by Italian economists Giovanni Botero (1589) and Antonio Serra (1613) and subsequently adopted by virtually all industrialized countries, Reinert demonstrates that countries that export goods with increasing returns, such as high-end manufacturing and advanced services, hold advantages over those that export goods with diminishing returns, such as commodities.
These findings have profound implications for contemporary development strategies, which Reinert suggests should be viewed as variations of industrial strategies. By examining the nuances of comparative advantage and the factors that contribute to qualitative economic growth, Reinert offers valuable insights into the challenges and opportunities faced by developing countries in the global economy. This book is a valuable resource for scholars, policymakers, and anyone interested in understanding the complex dynamics of economic development and the role of economic policies in shaping societies.
Weight: 454g
Dimension: 229 x 153 x 34 (mm)
ISBN-13: 9781839990038
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