Recent trends in economic theory - implications for development geography

Erik Reinert () and Vemund Riiser

No 199412, STEP Report series from The STEP Group, Studies in technology, innovation and economic policy

Abstract: In economic theory there are three main developments which we find are of potential importance to development geography: First of all, the mainstream neo-classical paradigm is being challenged from a growing school under the heading of 'Evolutionary' or 'Schumpeterian' economics, with roots in the German Historical School. This group is gaining prominence within the OECD and the EU. Secondly, from inside the neo-classical school, a 'new growth theory' is evolving. It is not clear whether this new theory will reform the neo-classical paradigm from within, or whether it indirectly attacks the very foundations of the neo-classical system in such a way that in the long run it may bring down the whole neo-classical framework. The third development, perhaps the one with the most immediate implications for development geography, is the change which has taken place in international trade theory over the last 10-12 years. Before treating these three developments in separate chapters, we shall look at the background and timing of the changes presently taking place in economic theory.

References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.step.no/reports/Y1994/1294.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Working Paper: Recent trends in economic theory – implications for development geography (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:stp:stepre:1994r12

Ordering information: This working paper can be ordered from
http://www.nifu.no/

Access Statistics for this paper

More papers in STEP Report series from The STEP Group, Studies in technology, innovation and economic policy Hammersborg torg 3, 0179 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Nils Henrik Solum ( this e-mail address is bad, please contact ).