Ragnar Nurkse (1907-2007): Classical Development Economics and Its Relevance for Today

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Rainer Kattel, J. A. Kregel, Erik S. Reinert
Anthem Press, 2011 - Business & Economics - 354 pages
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Ragnar Nurkse (1907-1959) was one of the most important pioneers of development economics, and although his writings have been neglected in recent decades, leading development economists and international organizations such as the United Nations are now turning to Nurkse in search for new inspiration, due to the failure of neoclassical economics to adequately explain the experience of poor and developing countries. Yet Nurkse's contribution to the field has never before been analysed before at book length.

The present volume, 'Ragnar Nurkse (1907-2007): Classical Development Economics and its Relevance for Today', contains a selection of papers that cast new insight on Nurkse's thought, and discuss his relevance for today. The volume also celebrates the 100th anniversary of this profoundly important thinker's birth.

 

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Contents

Is Microfinance a Silver Bullet
10
Life and Time of Ragnar Nurkse
29
Nurkse and the Role of Finance in Development Economics
53
Early Development Theory from Sun Yatsen
79
lVIihail lVIanoilescu
103
Lewis the Long Wave and Industrialization in the Periphery
147
Ragnar Nurkse and the Law Economics of Development
167
Influences
183
l2 International Currency Experience and the Bretton Woods
267
l3 Some Reflections on Nurkses Patterns of Trade
283
External Influences
297
Notes
329
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About the author (2011)

Rainer Kattel is Professor of Innovation Policy and Technology Governance, Tallinn University of Technology, Estonia. He has previously edited ‘Creative Destruction Management: Meeting the Challenges of the Techno-Economic Paradigm Shift’, with Tarmo Kalvet, (Tallinn, 2006).

Jan A. Kregel is Senior Scholar at The Levy Economics Institute of Bard College, the Center for Full Employment and Price Stability, University of Missouri, Kansas City; and Tallinn University of Technology. His books include ‘Rate of Profit, Distribution and Growth: Two Views’ (London & Chicago, 1971), ‘The Theory of Economic Growth’ (London, 1972), ‘The Reconstruction of Political Economy' (London 1973), ‘The Theory of Capital’ (London: Macmillan, 1976) and ‘The Past and Future of Banks’ (Roma, 1997).

Erik S. Reinert is Chairman of The Other Canon Foundation, Norway, and Professor at Tallinn University of Technology. His books include ‘How Rich Countries Got Rich ... and Why Poor Countries Stay Poor’ (London, 2007), ‘The Origins of Development Economics: How Schools of Economic Thought Have Addressed Development’, edited with Jomo, K. S., (London, 2005), and ‘Globalization, Economic Development and Inequality: An Alternative Perspective’ (London, 2004).

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