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Economy

The legacy of Friedrich list

: The expansive reproduction system and the Korean history of industrialization
  • The legacy of Friedrich list
  • Jun, Bogang; Gerybadze, Alexander; Kim, Tai-Yoo
  • [Stuttgart] : University of Hohenheim
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Title The legacy of Friedrich list
Subtitle The expansive reproduction system and the Korean history of industrialization
Author Jun, Bogang; Gerybadze, Alexander; Kim, Tai-Yoo
Publisher [Stuttgart] : University of Hohenheim
Publication Date 2016 - 01
Material Type Report
Country South Korea Holding University of Hohenheim
Language English License
Series Title HOHENHEIM DISCUSSION PAPERS IN BUSINESS, ECONOMICS AND SOCIAL SCIENCES

Abstract

This study revisits the theory of Friedrich List from a more comprehensive and modernized perspective and applies it to the Korean history of industrialization. Although List is well known as the scholar who insisted on the protection of infant industry, his argument on protectionism is a part of the broader picture depicted in his book The National System of Political Economy (1841). This study follows his theoretical legacy in various fields of study. Although we can find his theoretical influence in several fields of research such as the national innovation system, concept of national competitiveness, and theory of developmental state, these studies fail to embrace all the arguments of List. Additionally, theses models focus more heavily on the explanation of historical and regional development phenomena without providing general principles of economic development behind the phenomena. (The rest omitted)

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