Paul N. Rosenstein-Rodan 1902 - 1985
Rosenstein-Rodan was born in Poland and trained in the Austrian tradition ofeconomics at Vienna. His early contributions were in pure economic theory -onmarginal utility, hierarchical structures of wants and theissue of time. He emigrated to Britain in 1930, and taught at the UniversityCollege London (UCL) and then the London School of Economics until 1947. Hethen moved to the World Bank, before moving on to the MassachusettsInstitute of Technology (MIT) in the United States where he was a professorfrom 1952 to 1968. He subsequently moved to Texas and Boston University.
Rosenstein-Rodan's famous 1943 article 'Problems of Industrialisation ofEastern and South-Eastern Europe' argued that given increasing returns toscale, government-induced industrialisation was possible. Credited withhaving initiated the theory of economic development, Rosenstein-Rodan'sfuture work exhibited his continued concern with this issue.
His publications include:
- The Role of Time in Economic Theory(1934)
- A Co-ordination of the Theories of Money and Price(1936)
- Disguised Underemployment and Under-employment in Agriculture (1956)
- The New International Economic Order (1981)