The Other Canon of Economics, Volume 1

The Other Canon of Economics, Volume 1

Essays in the Theory and History of Uneven Economic Development

By Erik Reinert
Edited by Rainer Kattel

Anthem Other Canon Economics

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. 

PDF, 250 Pages


January 2024

£25.00, $40.00

EPUB, 250 Pages


January 2024

£25.00, $40.00

  • About This Book
  • Reviews
  • Author Information
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  • Table of Contents
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  • Podcasts

About This Book

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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Author Information

Erik S. Reinert is Professor of Technology Governance and Development Strategies at Tallinn University of Technology and also chairman of The Other Canon Foundation in Norway. He holds a BA from Hochschule St. Gallen, Switzerland, an MBA from Harvard University, and a Ph.D. in economics from Cornell University. 

Lecturing in five languages, Reinert’s work has taken him to more than 65 different countries. His book How Rich Countries Got Rich…and Why Poor Countries Stay Poor has been published in more than 20 languages. 


Anthem Other Canon Economics

Table of Contents

1.‘Catching-up from Way Behind – A Third World Perspective on First World History’; 2. ‘Recent Trends in Economic Theory – Implications for Development Geography’ (with Vemund Riiser); 3. ‘A Schumpeterian Theory of Underdevelopment – A Contradiction in Terms ?’; 4. ‘Competitiveness and Its Predecessors – A 500 Year Cross-National Perspective’; 5. ‘Diminishing Returns and Economic Sustainability: The Dilemma of Resource-based Economies under a Free Trade Regime’; 6. ‘Economics: The Dismal Science or The Never-ending Frontier of Knowledge. On Technology, Energy, and Economic Welfare’; 7. ‘Production Capitalism Vs. Financial Capitalism – Symbiosis and Parasitism’ (with Arno Daastøl); 8. Globalization in the Periphery as a Morgenthau Plan: The Underdevelopment of Mongolia in the 1990s’; 9. ‘Increasing Poverty in a Globalised World: Marshall Plans and Morgenthau Plans as Mechanisms of Polarisation of World Incomes’; 10. ‘An Early National Innovation System: The Case of Antonio Serra’s 1613 Breve Trattato’ (with Sophus Reinert); 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’ (with Sophus Reinert); 12. ‘Mercantilism and Economic Development: Schumpeterian Dynamics, Institution Building and International Benchmarking’ (with Sophus Reinert); 13. ‘The Other Canon: The History Of Renaissance Economics. Its Role as an Immaterial and Production-Based Canon in the History of Economic Thought and in the History of Economic Policy’ (with Arno Daastøl); 14. ‘Benchmarking Success: The Dutch Republic (1500-1750) as Seen by Contemporary European Economists’; 15. ‘Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’; 16. ‘The Economics of Reindeer Herding: Saami Entrepreneurship between Cyclical Sustainability and the Powers of State and Oligopolies’; 17. ‘European Integration, Innovations and Uneven Economic Growth: Challenges and Problems of EU 2005’; 18. ‘Institutionalism Ancient, Old and New: A Historical Perspective on Institutions and Uneven Development’; 19. ’European Eastern Enlargement as Europe's Attempted Economic Suicide? (with Rainer Kattel); 20. ‘The Economics of Failed, Failing and Fragile States: Productive Structure as the Missing Link’ (with Yves Ekoué Amaïzo and Rainer Kattel); 21. ‘Emulation Vs. Comparative Advantage: Competing Principles in the History of Economic Policy’; 22. ‘The Terrible Simplifiers: Common Origins of Financial Crises and Persistent Poverty in Economic Theory and the New ‘1848 Moment’; 23. Industrial Restructuring and Innovation Policy in Central and Eastern Europe since 1990’ (with Rainer Kattel, and Margit Suurna); 24. ‘Capitalist Dynamics. A Technical Note’; 25. ‘Neo-classical Economics: A Trail of Economic Destruction’; 26. ’Modernizing Russia: Round III. Russia and the Other Bric Countries: Forging Ahead, Catching Up or Falling Behind?’ (with Rainer Kattel); 27. Economics and the Public Sphere: The Rise of Esoteric Knowledge, Refeudalization, Crisis and Renewal’; 28. Three Veblenian Contexts: Valdres, Norway and Europe; Filiations of Economics; and Economics for an Age of Crises’; 29. ‘Civilizing Capitalism: Good and Bad Greed from the Enlightenment to Thorstein Veblen (1857-1929)’; 30. ‘Failed and Asymmetrical Integration: Eastern Europe and the Non-financial Origins of the European Crisis’ (with Rainer Kattel); 31. ‘Renewables, Manufacturing and Green Growth: An Energy Strategy Based on Capturing Increasing Returns’ (with John Mathews); 32. ‘Financial Crises and Countermovements. Comparing the Times and Attitudes of Marriner Eccles (1930s) and Mario Draghi (2010s)’; 33. ‘The Inequalities that Could Not Happen: What the Cold War Did to Economics’; 34. ‘Industrial Policy: A Long-Term Perspective and Overview of Theoretical Arguments’.


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