In this refreshingly revisionist history, Erik Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment, rather than through free trade. 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 developemt economists have largely ignored this approach and insisted instead on the importance of free trade. Reinart shows how the history of economics has long been torn between the continental Renaissance tradition on one hand and the free market theories of English and later American economies on the other. Our economies were founded on protectionism and state activism — look at China today — 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 national affluence.

How Rich Countries Got Rich ... and Why Poor Countries Stay Poor

Business & Money

Reinert, Erik

Economics

Carroll&Graf

In this refreshingly revisionist history, Erik S. Reinert shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment—rather than through free trade. Yet when our leaders lecture poor countries on the right path to riches they do so in almost perfect ignorance of the fact that our economies were founded on protectionism long before they could afford the luxury of free trade. How Rich Countries Got Rich… will challenge economic orthodoxy and open up the debate on why self-regulating markets are not the best answer to our hopes of worldwide prosperity.

How Rich Countries Got Rich . . . and Why Poor Countries Stay Poor

PublicAffairs

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.

The Other Canon of Economics, Volume 1: Essays in the Theory and History of Uneven Economic Development (Anthem Other Canon Economics)

Anthem Press

The Other Canon of Economics, Volume 2: Essays in the Theory and History of Uneven Economic Development (Anthem Other Canon Economics)

Comment les pays riches sont devenus riches et pourquoi les pays pauvres restent pauvres

Politics & Social Sciences

Sociology

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Books by Reinert, Erik