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The Other Canon in Economic Thought: From Antonio Serra and Friedrich List to Joseph Schumpeter and Ragnar Nurkse

April 1 @ 5:00 pm - 6:30 pm

About the Event:

Economic orthodoxy today prescribes good institutions, low taxes, and openness to foreign investment as the key to successful development. But no country in the world has ever developed on this path — remarkably, not even England or America themselves. During their industrial take-offs, both leading countries relied on high protective tariffs and big governments massively taxing and spending to stimulate the domestic economies. Let’s re-discover the ‘Other Canon’ of economic thought which focuses on fostering the high-return economic activities with higher wages. This thinking had once guided the West in its breakthrough to modernity; later it was adopted by such catching-up states like Japan, Korea, Singapore. Instead of listening to American economists, one should do like the Americans did in their heroic age of industrialization.

About the Speaker: 

The famous Norwegian economist, author of “How Rich Countries Got Rich … Why Poor Countries Stay Poor” award-winning bestseller Professor Erik S. Reinert will be visiting Armenia for the first time.

Language: English


April 1
5:00 pm - 6:30 pm
Event Categories:


Manoogian Simone College of Business and Economics (CBE)
+374 60 69 40 40; +374 10 32 40 40;


Akian Art Gallery, Paramaz Avedisian Building, American University of Armenia
40 Marshal Baghramyan Ave
Yerevan, Armenia
+ Google Map
+374 10 32 40 40; +374 60 69 40 40