| Admin Biographical History | Rosenstein-Rodan was born in Poland and trained in the Austrian tradition of economics at Vienna. His early contributions were in pure economic theory -on marginal utility, complementarity, hierarchical structures of wants and the issue of time. He emigrated to Britain in 1930, and taught at the University College London (UCL) and then the London School of Economics until 1947. He then moved to the World Bank, before moving on to the Massachusetts Institute of Technology (MIT) in the United States where he was a professor from 1952 to 1968. He subsequently moved to Texas and Boston University. Rosenstein-Rodan's famous 1943 article "Problems of Industrialisation of Eastern and South-Eastern Europe" argued that given increasing returns to scale, government-induced industrialization was possible. Credited with having initiated the theory of economic development, Rosenstein-Rodan's future work exhibited his continued concern with this issue.
His publications include: "Das Zeitmoment in der Mathematischen Theorie des Wirschaftlichen Gleichgewichtes" ZfN (1929) "La Complementarieta: Prima delle tre etappe del pogresso della Teoria Economica Pura" La Riforma Social (1933) "The Role of Time in Economic Theory" Economica (1934) "A Co-ordination of the Theories of Money and Price" (1936) "Problems of Industrialization of Eastern and South and South-Eastern Europe" EJ (1943) "The International Development of Ecomically Backward Areas" International Affairs (1944) "Disguised Underemployment and Under-employment in Agriculture" (1956) "International Aid for Underdeveloped Countries" REStat (1961) "Notes on the Theory of the Big Push" in Economic Development for Latin America (1961) "Criteria for Evaluation of National Development Effort" J Development Planning (1969) "The New International Economic Order" (1981) |