Evolutionary Economics and Income Inequality

Evolutionary Economics and Income Inequality

by Erik S. Reinert
     
 

ISBN-10: 1858988918

ISBN-13: 9781858988917

Pub. Date: 10/28/2004

Publisher: Elgar, Edward Publishing, Inc.

"The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of 'creative destruction' may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that…  See more details below

Overview

"The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of 'creative destruction' may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some chapters point to why the present form of globalization increases poverty in many Third World nations." Members of the anti-globalization movement will find the explanations given in this book insightful, as will employees of international organizations due to the important policy messages. The theoretical interest within the book will appeal to development economists and evolutionary economists, and policymakers and politicians will find the explanations of the present failure of many small nations in the periphery invaluable.

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Product Details

ISBN-13:
9781858988917
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
10/28/2004
Series:
New Horizons in Institutional and Evolutionary Economics Series
Pages:
352
Product dimensions:
6.13(w) x 9.25(h) x (d)

Table of Contents

Introduction1
1The other canon : the history of renaissance economics21
2Natural versus social sciences : on understanding in economics71
3The views of the German historical school on the issue of international income distribution91
4Technical progress and obsolescence of capital and skills : theoretical foundations of nineteenth-century US industrial and trade policy100
5Natural resources, industrialization and fluctuating standards of living in Peru, 1950-97 : a case study of activity-specific economic growth115
6Globalization in the periphery as a Morgenthau plan : the underdevelopment of Mongolia in the 1990s157
7Technological revolutions, paradigm shifts and socio-institutional change217
8Income inequality in changing techno-economic paradigms243
9Information technology in the learning economy : challenges for developing countries258
10Diversity : implications for income distribution288
11Convergence, divergence and the Kuznets curve309

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