The Other Canon Foundation

[2] The ideological foundation of The Other Canon is not defined in a left-right perspective, claiming both sides have fallen into the same traps failing to explain and develop valid theories for today's economics.

[3] Central to the group is the Theory of Uneven Development, which aims to explain how and why the international economic landscape (of rich and poor nations) is as it is today.

Joseph Schumpeter, John Maynard Keynes, Karl Marx, Gunnar Myrdal, Gustav von Schmoller, Werner Sombart, Nicholas Kaldor, Max Weber and Adam Smith (for considerations of the primary sector) are among the theorists to have influenced The Other Canon.

He claims poor countries should, and should be allowed to, use protectionism to build up their own industries until they can compete internationally and that the state should be involved in this process.

Conforming with Schumpeterian theory The Other Canon emphasises the constant change in the economy and that entrepreneurs and capitalists all the time create temporary monopolies based on advantages of knowledge and/or uncertain assumptions about the future.