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The Visionary Realism of German Economics forms a collection of Erik S. Reinert’s essays bringing the more realistic German economic tradition into focus as an alternative to Anglo-Saxon neoclassical mainstream economics. Together the essays form a holistic theory explaining why economic development—by its very nature—is a very uneven process. Herein lie the important policy implications of the volume.
Introduction; Chapter 1 German Economics as Development Economics: From the Thirty Years’ War to World War II; Chapter 2 The Role of the State in Economic Growth; Chapter 3 A Brief Introduction to Veit Ludwig von Seckendorff (1626– 1692); Chapter 4 Exploring the Genesis of Economic Innovations: The Religious Gestalt- Switch and the Duty to Invent as Preconditions for Economic Growth (with Arno Daastøl); Chapter 5 Johann Heinrich Gottlob von Justi (1717– 1771): The Life and Times of an Economist Adventurer; Chapter 6 Jacob Bielfeld’s “On the Decline of States” (1760) and Its Relevance for Today; Chapter 7 Raw Materials in the History of Economic Policy; or, Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn; Chapter 8 Compensation Mechanisms and Targeted Economic Growth: Lessons from the History of Economic Policy; Chapter 9 Karl Bücher and the Geographical Dimensions of Techno- Economic Change: Production- Based Economic Theory and the Stages of Economic Development; Chapter 10 Austrian Economics and the Other Canon: The Austrians between the Activistic- Idealistic and the Passivistic- Materialistic Traditions of Economics; Chapter 11 Nietzsche and the German Historical School of Economics (with Sophus A. Reinert); Chapter 12 Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter (with Hugo Reinert); Chapter 13 Schumpeter in the Context of Two Canons of Economic Thought; Chapter 14 The Role of Technology in the Creation of Rich and Poor Nations: Underdevelopment in a Schumpeterian System; Chapter 15 Towards an Austro–German Theory of Uneven Economic Development? A Plea for Theorising by Inclusion; Chapter 16 The Qualitative Shift in European Integration: Towards Permanent Wage Pressures and a ‘Latin- Americanization’ of Europe? (with Rainer Kattel); Chapter 17 Primitivization of the EU Periphery: The Loss of Relevant Knowledge; Chapter 18 Mechanisms of Financial Crises in Growth and Collapse: Hammurabi, Schumpeter, Perez, and Minsky; Chapter 19 Full Circle: Economics from Scholasticism through Innovation and Back into Mathematical Scholasticism: Reflections on a 1769 Price Essay: “Why Is It That Economics So Far Has Gained So Few Advantages from Physics and Mathematics?”; Chapter 20 Werner Sombart (1863–1941) and the Swan Song of German Economics; Index.