Heterodox
The Norwegian heterodox economist Erik S. Reinert, author of the excellent book How Rich Countries Got Rich, and Why Poor Countries Stay Poor (New York, 2007), talks about his career and about heterodox development economics in the videos below. Informal but very enjoyable discussion.One point, however: in the first video Reinert says that Ricardo’s comparative advantage argument assumes diminishing returns. Surely, he made a slight mistake here: the argument assumes constant...
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