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Evolutionary Economics, Classical Development Economics, and the History of Economic Policy: A Plea for Theorizing by Inclusion

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  • Erik S. Reinert

Abstract

The author argues that in order to create a qualitative understanding of the factors polarizing the world in growing wealth and growing poverty there is a need to create economics by inclusion, a system where all relevant factors, some of which have been part of the economic discourse for centuries, but also elements (like the different effects of process and product innovations) that are part of evolutionary economics itself, are considered simultaneously. According to the author, this historical/institutional approach to economics would benefit especially the Third World. Moreover, the economics by inclusion should also open the way for policies of inclusion, a system that will put the accent on the wellbeing of the majority and not on the growth of the export sector.

Suggested Citation

  • Erik S. Reinert, 2006. "Evolutionary Economics, Classical Development Economics, and the History of Economic Policy: A Plea for Theorizing by Inclusion," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 01, TUT Ragnar Nurkse Department of Innovation and Governance.
    • Handle: RePEc:tth:wpaper:01
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    Cited by:

    1. Ferrannini, Andrea & Barbieri, Elisa & Biggeri, Mario & Di Tommaso, Marco R., 2021. "Industrial policy for sustainable human development in the post-Covid19 era," World Development, Elsevier, vol. 137(C).
    2. Lundvall , Bengt-Åke & Vang , Jan & Joseph , KJ & Chaminade , Cristina, 2013. "Bridging Innovation System Research and Development Studies: challenges and research opportunities," Papers in Innovation Studies 2013/33, Lund University, CIRCLE - Centre for Innovation Research.
    3. Mulatu, Abay, 2016. "On the concept of 'competitiveness' and its usefulness for policy," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 50-62.
    4. Olga N. Buchinskaya & Evgeniy P. Dyatel, 2019. "Influence of high-technology exports and foreign charges for the use of intellectual property on economic growth," Journal of New Economy, Ural State University of Economics, vol. 20(2), pages 114-126, May.

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