Paul Rosenstein-Rodan

Paul Rosenstein - Rodan Narcyz (* 1902 in Krakow, † April 28, 1985 in Boston ) was an Austrian economist.

Life

Rosenstein - Rodan was trained in Vienna in the Austrian tradition of economics, lived and taught after his emigration in England 1930-47, 1947-53 worked at the World Bank and then at various U.S. universities (MIT, Texas, Boston).

Work

Rosenstein - Rodan belonged to the fourth generation of the Austrian School called by Friedrich August von Hayek and influenced among others the marginal utility theory.

The work of Paul Rosenstein - Rodan can be divided into two eras:

• Early work on pure theory in the years 1926-1936
• And then the following application-oriented treatment of problems of catch-up economic development - starting with the study Problems of the Industrialization of Eastern and South- Eastern Europe ( 1943), which, the development economist Hans -Heinrich bass, " probably the first work of the subdiscipline of development economics at all. "

Became known Rosenstein - Rodan (1943 for the first time expressed ) thesis that the complementarity of industries and the possibility of economies of scale required a development strategy state- induced, large-scale industrialization ( big push in Rosenstein - Rodan's diction of 1957), coupled with long-term oriented state planning.

Rosenstein - Rodan was therefore a representative of the development of economic strategy of balanced growth ( Balanced Growth ).

Writings

• The Rôle of Time in Economic Theory, in: Economica, 1934, pp. 77-97.
• Problems of Industrialization of Eastern and South- Eastern Europe, in: Economic Journal, Vol 53, 1943, no. 210/211, pp. 202-211