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Albert O. Hirschman


Who is Albert O. Hirschman?

Albert O. Hirschman a.k.a. Albert Otto Hirschman was an influential economist and the author of several books on political economy and political ideology. His first major contribution was in the area of development economics. Here he emphasized the need for unbalanced growth. Because developing countries are short of decision making skills, he argued that disequilibria should be encouraged to stimulate growth and help mobilize resources. Key to this was encouraging industries with a large number of linkages to other firms.

Printed dictionaries and other books with definitions for Albert O. Hirschman

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Google previewInternational Encyclopedia of Economic Sociology (2006)

by Jens Beckert, Milan Zafirovski

Albert O. Hirschman, born 7 April 1915 in Berlin, is a political economist and social scientist who is a ...

Google previewThe Development Dictionary (1992)

A Guide to Knowledge as Power by Wolfgang Sachs

Albert O. Hirschman. Strategy of Economic Development. New Haven: Yale University Press 1958: Raymond ...

Google previewDictionary of the Social Sciences (2002)

by Craig Calhoun, Oxford University Press

Political scientist Albert O. Hirschman (Exit, Voice, and Loyalty, 1970) has characterized this in terms of a market situation: where exit costs are low, actors can abandon a product, firm, or other unsatisfactory situation. Where exit costs are high ...

Google previewEncyclopedia of the Developing World (2013)

by Thomas M. Leonard

The general situation led economist Albert O. Hirschman to come up with the idea of economic "linkages." Hirschman pointed out that developing economies needed to consider production as a whole process, not just as producing the final ...

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