The Other Canon of Economics: Essays in the Theory and History of Uneven Economic Development

Erik Reinert

The Other Canon of Economics

Essays in the Theory and History of Uneven Economic Development

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Erik Reinert, Tallinna Tehnikaülikool, Estonia
Edited by Rainer Kattel

Publisher:: Anthem Press
Online publication date:: April 2024
Print publication year:: 2024
Online ISBN:: 9781839982989

Subjects:: Economics, Economic Theory, Economic Development and Growth

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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, mostly via adherence to the theory of comparative advantage. Based on a long intellectual tradition - started by the Italian economists Giovanni Botero (1589) and Antonio Serra (1613), Reinert shows that the country which trades increasing returns goods - e.g. high-end manufacture - has advantages over the country which trades diminishing returns goods - e.g. commodities. This has important implications for today's development strategies that, Reinert argues, should be seen as industrial strategies.

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The Other Canon of Economics

Essays in the Theory and History of Uneven Economic Development

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Frontmatter
pp i-iv

Dedication
pp v-vi

Contents
pp vii-viii

Introduction
pp 1-18

Chapter 1 - Catching-up from Way Behind. A Third World Perspective on First World History
pp 19-44

Chapter 2 - Recent Trends in Economic Theory — Implications for Development Geography
pp 45-62

Chapter 3 - A Schumpeterian Theory of Underdevelopment - A Contradiction in Terms?
pp 63-88

Chapter 4 - Competitiveness and Its Predecessors - A 500-Year Cross-national Perspective
pp 89-108

Chapter 5 - Diminishing Returns and Economic Sustainability: The Dilemma of Resource-based Economies under a Free Trade Regime
pp 109-136

Chapter 6 - Economics: ‘The Dismal Science’ or ‘The Never-ending Frontier of Knowledge’? On Technology, Energy and Economic Welfare
pp 137-156

Chapter 7 - Production Capitalism vs. Financial Capitalism – Symbiosis and Parasitism. An Evolutionary Perspective and Bibliography
pp 157-214

Chapter 8 - Globalization in the Periphery as a Morgenthau Plan: The Underdevelopment of Mongolia in the 1990s
pp 215-260

Chapter 9 - Increasing Poverty in a Globalized World: Marshall Plans and Morgenthau Plans as Mechanisms of Polarization of World Incomes
pp 261-282

Chapter 10 - An Early National Innovation System: The Case of Antonio Serra’s 1613 Breve Trattato
pp 283-306

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
pp 307-378

Chapter 12 - The Other Canon: The History of Renaissance Economics
pp 379-420

Chapter 13 - Benchmarking Success: The Dutch Republic (1500–1750) as Seen by Contemporary European Economists
pp 421-450

Chapter 14 - Mercantilism and Economic Development: Schumpeterian Dynamics, Institution Building and International Benchmarking
pp 451-474

Chapter 15 - Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’
pp 475-499

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Essays in the Theory and History of Uneven Economic Development

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