The Nation

The Nation
Author:
Publisher:
Total Pages: 662
Release: 1886
Genre: Current events
ISBN:

The Other Canon of Economics, Volume 1

The Other Canon of Economics, Volume 1
Author: Erik Reinert
Publisher: Anthem Press
Total Pages: 434
Release: 2024-02-13
Genre: Business & Economics
ISBN: 1839982993

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.