Evolutionary Economics, Classical Development Economics, and the History of Economic Policy: A plea for theorizing by inclusion Erik S. Reinert

This paper argues that bringing evolutionary and Schumpeterian economics to the Third World would greatly benefit from including insights and elements from pre-Smithian economics, the history of economic policy and classical development economics. A truly evolutionary theory of economic change requires that all neo-classical assumptions be relaxed at the same time, while re-introducing the many factors that were recognised long ago as contributing to the unevenness of economic development.

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