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Erik Reinert, Rainer Kattel - Other Canon of Economics, Volume 2, Inbunden

Inbunden, Engelska, 2024

Other Canon of Economics, Volume 2

Essays in the Theory and History of Uneven Economic Development

Av Erik Reinert, Rainer Kattel

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Beskrivning
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.
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Erik S. Reinert is Professor of Technology Governance and Development Strategies at Tallinn University of Technology and also chairman of The Other Canon Foundation in Norway. He holds a BA from Hochschule St. Gallen, Switzerland, an MBA from Harvard University, and a Ph.D. in economics from Cornell University. Lecturing in five languages, Reinert’s work has taken him to more than 65 different countries. His book How Rich Countries Got Rich…and Why Poor Countries Stay Poor has been published in more than 20 languages.

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Over decades, Erik Reinert’s profound and significant work has highlighted the importance of increasing returns for development—and the ways in which poor countries have been prevented from reaping the benefits of such technologies. This book, bringing together some of his most essential insights, is a treasure trove for anyone interested in understanding processes of development and global inequality, and also an essential instruction manual for what can be done. —Jayati Ghosh, Professor of Economics, University of Massachusetts Amherst, USA

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