Format:
XXIX, 365 S
,
Ill., graph. Darst
,
24 cm
ISBN:
1845298748
,
9781845298746
Content:
"Erik S. Reinert is a key figure in the growing worldwide movement against neo-classical economic theory. He argues that rich countries have developed through a combination of government intervention, protectionism, and strategic investment, yet, when it comes to today's poorer nations, the orthodoxy insists on unqualified and absolute standards of free trade. Reinert's strongly revisionist history reveals how evonomic theory has long been torn between the continental Renaissance tradition and the free market ideas of English and later American economics. Our economies were founded on protectionism and state activism and could only later afford the luxury of free trade, so when our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of mass affluence. His book mounts a strong challenge and opens up the debate on why free trade is not the best answer for our hopes of worldwide prosperity."-- Back cover
Content:
Erik S. Reinert is a key figure in the growing worldwide movement against neo-classical economic theory. He argues that rich countries have developed through a combination of government intervention, protectionism, and strategic investment, yet, when it comes to today's poorer nations, the orthodoxy insists on unqualified and absolute standards of free trade. Reinert's strongly revisionist history reveals how evonomic theory has long been torn between the continental Renaissance tradition and the free market ideas of English and later American economics. Our economies were founded on protectionism and state activism and could only later afford the luxury of free trade, so when our leaders come to lecture poor countries on the right road to riches they do so in almost perfect ignorance of the real history of mass affluence. His book mounts a strong challenge and opens up the debate on why free trade is not the best answer for our hopes of worldwide prosperity.
Note:
Literaturverz. S. [336] - 356
Language:
English
Subjects:
Economics
Keywords:
Wirtschaft
;
Wirtschaftstheorie
;
Wirtschaftsentwicklung
;
Protektionismus
;
Wohlstand
;
Armut
;
Ideengeschichte 1400-1945
Author information:
Reinert, Erik S. 1949-
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