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| The
History of Economic Policy in the Context of a History
of Economic Thought |
Prof. Erik Reinert
Date: 04 from 08, august 2003
1ª session: introduction. Methodology
and Toolboxes: Types of Economics and Theories of
History. Strategies, Learning, Technological Change
and Economic Development. Readings:
The Other Canon, “Two Different Ways of
Understanding the Economic World and The Wealth
and Poverty of Nations (3 pages),
Bruce Henderson: Boston Consulting Group, Perspectives
on Strategy (1998): “Business Thinking”,
BC, pp.260-263.
Erik Reinert: ‘Karl Bücher and the
Geographical Dimensions of Techno-Economic Change:
Production-Based Economic Theory and the Stages
of Economic Development.
2ª session: The Renaissance, Mercantilism,
Cameralism and Colbertism. Statecrafting and Nation-Building.
Economic Growth as Activity-Specific. The Dutch
Republic and Spain as examples of ‘Good’
and ‘Bad’ Foreign Trade. The Role
of Cities and Diversity, Scale and Synergies.
Readings: Reinert & Daastol: “Exploring
the Genesis of Economic Innovations: The Religious
Gestalt-Swich and the Duty to invent as Preconditions
for Economic Growth”, pp. 1-24 (= 122-264).
Gustav Schmoller: “The Mercantile System
and is Historical Significance”, particularly
pp. 1-17, 29-36, 49-80. (NB pp. 50-51),
Daniel Defoe: ‘A Plan of English Commerce’(1730)
pp. 126-135,
Philipp von Hornick: ‘Nine Principal Rules
of National Economy’, from ‘Austria
Over All if She Only Will (1684), (Monroe pp.
223-227).
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3ª session: From Bernard Mandeville’s
Revolution (1714) to Friedrich List (1841) / The
Economic Policies of the 19th Century. Physiocracy,
anti-physiocracy and Adam Smith. List & USA
vs. English Theory and English Practice.
Readings: Alexander Hamilton: ‘Report on
the Manufactures”,
Friedrich List: ‘Introduction to the National
Systems of Political Economy’.
Optional: Reinert: ‘Raw Materials in the
History of Economic Policy, or, why List (the
Proctecionist) and Cobden:(the Free Trader) Both
Agreed on Free Trade in Corn’
4a session: The Economic Effects of 1948:
Marx. Nietzsche, Schumpeter & Creative Destruction
/ Taming US Capitalism: Veblen and American Institutionalism.
Marx, the Kathedersozialisten and the Verein für
Sozialpolitik, The German Historical School.
Reading: Reinert & Reinert: ‘Creative
Destruction in Economics: Nietzsche, Sombart,
Schumpeter’,
Robert Heibroner: ‘The Savage Society of
Thorstein Veblen’,
Reinert: ‘The Role of Technology in the
Creation of Rich and Poor Nations: Underdevelopment
in a Schumpeterian System’ – (Rich
Nations – Poor Nations)
5ª session: The Short 20th Century:
Fordism and Keynesianism to Globalisation and
Marginalisation /Technological Change and Financial
Crises. The Strategies of Ireland, Finland &
The United States vs, a ‘Morgenthau Plan’
for Parts of the Second and Third Worlds.
Readings: Carlota Perez: “Technological
Change and Financial Crises”, particularly
pages 1-15 & 38-70. Perspectives on Strategy
from the Boston Consulting Group”, pp. 9-24,
35-37,
Reinert: ‘Free Trade as a Morgenthau Plan:
a Case Study of Mongolia in the 1990’s.
(on www.othecanon.org),
Optional text for the week: Reinert: ‘The
Role of the State in Economic Growth’, on
www.otecanon.org.
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