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
like 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.
Until now, however, all Nurkse’s published
works were out of print, and the most recent
editions stem from the early 1960s.
Ragnar Nurkse, Trade and Development
reprints Nukse’s most important works,
making them widely available for an audience
of economists, policy makers, researchers and
students. The works reprinted here, include
two essays never printed before in this format
‘Growth in Underdeveloped Countries’,
(1952) and ‘International Trade Theory
and Development Policy’ (1957), as well
as the collected essays from Equilibrium and
Growth in the World Economy (1961), and the
monograph Problems of Capital Formation in Underdeveloped
Countries (1953).
About Authors
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).
October 7, 2009.
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