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Paul Rosenstein-Rodan
Paul Narcyz Rosenstein-Rodan (1902–1985) was an economist of Jewish origin born in Kraków, who was trained in the Austrian School, Austrian tradition under in University of Vienna, Vienna. His early contributions to economics were in pure economic theory – on marginal utility, complementarity, hierarchical structures of wants and the pervasive Austrian School issue of time. Rosenstein-Rodan emigrated to UK, Britain in 1930, and taught at University College London and then at London School of Economics until 1947. He then moved to the World Bank, before moving on to MIT, where he was a professor from 1953 to 1968. He is the author of the 1943 article "Problems of Industrialisation of Eastern and South-Eastern Europe" – origin of the “Big Push Model” theory – in which he argued for planned large-scale investment programmes in industrialisation in countries with a large surplus workforce in agriculture, in order to take advantage of network effects, viz economies of sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
