'The Visionary Realism of German Economics' forms a collection of Erik S. Reinert's essays bringing the more realistic German economic tradition into focus as an alternative to Anglo-Saxon neoclassical mainstream economics. Together the essays form a holistic theory explaining why economic development--by its very nature--is a very uneven process. Herein lie the important policy implications of the volume.
After his death Thorstein Veblen was hailed as ‘America’s Darwin and Marx’ and is normally portrayed as the perennial iconoclast. He severely criticised traditional economics and attempted to create an alternative approach based on a much more complex view of human beings. He is one of the most celebrated economists of our age and has been the inspiration for many books; the predatory version of capitalism we now again experience, the phenomenon of studying cultures of consumption and the darker sides of gilded ages can be traced back to Veblen. A conference in Veblen’s ancestral Norway marked the 150th anniversary of his birth. The aim of the conference was to consolidate Veblen scholarship and evaluate his relevance for the problems of today. This collection offers the results of that endeavour; it is a milestone of Vebleniana which assesses all the most salient aspects of his life and influence. Many of its contributors also push into uncharted territory, examining the man and his work from new and necessary perspectives hitherto ignored by scholarship.
Shows how rich countries developed through a combination of government intervention, protectionism, and strategic investment. This work suggests that this set of policies in various combinations has driven successful development from Renaissance Italy to the modern Far East.
Reviews the history of economic thought to highlight enduring developmental concerns. This survey also shows that various schools of economic thought, over the years, have pointed to the role of the state in leading and coordinating economic transformation and progress.