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albert person was born in berlin in nineteen fifteen
he's a multifaceted economist who's had an influence on a lot of fields
and also a number of other disciplines including
political science and sociology
but much of his early work was in development economics
an area where he still remains influential
krishnan promoted the idea of a balanced growth which of course you can think up
as a response to ragnarok says idea of balanced growth
for version and that was finding indeed desirable if a small number of sectors
of an economy would race ahead of all the others he had a general view that it
was important to get as much done as possible
when it comes to the process of growth
even if this man considerable on balance along the way
richmond also argued it was desirable
if the growing sectors headed met had as many
backward and forward linkages as possible so eventually they could drag
along and pulled along
other sectors in this process of economic growth
hirsch who's worked generally consists of interesting insights rather than
formal models
for instance in his book strategy of economic development
here's a sense i really enjoy
it goes
it is one of the paradoxes of development
that poor countries cannot always afford to be economical
paul krugman wrote a famous critique of persian and some of the other
development economists at this time
it's online that's called falling rocks of development economics
included setup this tension between
writers who have verbal insights and writers who built formal models krugman
at that time sided with the model builders
personal thought it was sometimes fruitful to look at development
and and the kind of learning the ropes *** allah drives
economic development of someone who in a city of enthusiasm decides to learn a
foreign language doesn't realize nearly half hard it's going to be but maybe
eventually they get to the point where it becomes easier and easier and so they
succeed in learning the language even a lot even though along the way there are
lots of kids and stumbles and greater problems then maybe they had foreseen
in his view this analogy argues for some forcing of the pace of the early stages
of development ought to overcome the resistance to development when that
resistance the strongest and to get up on this easier track
bridgeman also wrote a famous book called exit voice and loyalty
and one of the contributions of this book was to talk about how individuals
operating at a local level or through community organizations can exercise
their voice or their right to complain for their right to participate to
improve economic efficiency
so not everything in the world revolves around traditional economic it
competition
it's now standard in development analyses to look at local community
organizations and ask whether they in fact offer sufficient opportunities for
people to exercise their right of always nick any useful way