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Bezig met laden... How Rich Countries Got Rich and Why Poor Countries Stay Poordoor Erik S. Reinert
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Meld je aan bij LibraryThing om erachter te komen of je dit boek goed zult vinden. Op dit moment geen Discussie gesprekken over dit boek. The book presents an unorthodox view on economic development and makes quite a few bold statement regarding ‘erroneous ways of mainstream economics’. The author argues that the famous Paul Samuelson’s answer to the mathematician Stanislaw Ulam to "name me one proposition in all of the social sciences which is both true and non-trivial" is wrong. Samuelson’s response is comparative advantage. "That it is logically true need not be argued before a mathematician; that it is not trivial is attested by the thousands of important and intelligent men who have never been able to grasp the doctrine for themselves or to believe it after it was explained to them." According to Reinhart this is false and therefore, countries, especially underdeveloped ones may become poorer as a result of opening to the world. Moreover, he insists on several occasions that Heckscher-Ohlin-Samuelson Model states that under free trade all incomes will be the same across the globe, while there is not such a claim in the model – convergence doesn’t mean equalization. The book has a lot of similar mis-interpretations of mainstream economics. In all, I’ll recommend it for readers who want to see an alternative view but they should have an adequate background to know how to argue with the author. ( ) "Since anyone who criticizes the entire system of others has a duty to replace them with an alternative of his own, containing principals that provide a more felicitous support for the totality of effects to be explained, we shall extend our meditation further in order to fulfill this duty." ~ Giambattista Vico, La Scienza nuova, 1725. geen besprekingen | voeg een bespreking toe
How Rich Countries Got Rich is a narrative history of modern economic development from the Italian Renaissance to the present day. In it Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment. Reinert suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East. Yet despite its demonstrable success, orthodox development economists have largely ignored this approach and insisted instead on the importance of free trade. Reinert presents a strongly revisionist history of economics and shows how the discipline has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economics on the other. He argues that our economies were founded on protectionism and state activism and could only later afford the luxury of free trade. 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. Geen bibliotheekbeschrijvingen gevonden. |
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Google Books — Bezig met laden... GenresDewey Decimale Classificatie (DDC)338.9009Social sciences Economics Production Economic Development And Growth Biography And HistoryLC-classificatieWaarderingGemiddelde:
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