Who supported balanced growth?
Table of Contents
Who supported balanced growth?
4. Benjamin Higgins, “A wave of capital investment in a number of industries is called Balanced Growth.”
Who is the father of balanced growth?
| Ragnar Nurkse | |
|---|---|
| Nationality | Estonian |
| Institution | Columbia University Princeton University University of Oxford University of Geneva |
| Alma mater | Domschule zu Reval, Tallinn University of Tartu University of Edinburgh University of Vienna |
| Contributions | Balanced Growth Theory |
Who are the supporters of unbalanced growth theory?
Supporters of the unbalanced growth doctrine include Albert O. Hirschman, Hans Singer, Paul Streeten, Marcus Fleming, Prof. Rostov and J. Sheehan.
Who gave the theory of growth?
Classical growth theory is a modern category of economic theory that is applied to the work of several economists who wrote about the process and sources of economic growth in their time, roughly the 18th and 19th centuries. Two important theorists associated with these ideas include Adam Smith and David Ricardo.
Who wrote the book choice of techniques?
Amartya SenChoice of Techniques: An Aspect of the Theory of Planned Economic Development / Author
Who wrote the book choice of technique?
Who advocated the opportunity cost?
von Th Een, 1823; J.S. Mill, 1848; and, most notably, L. Walras, 1874), yet the opportunity cost doctrine was only explicitly introduced as an all-encompassing theory of cost in a seminar paper by Friedrich von Wieser (1876) and expounded in his later books (Wieser, 1884, 1889).
Who are the advocates of classical theory?
Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill.
Who has given the growth definition of economics?
Economic Growth, by Nobel Prize winner Paul Romer, from the Concise Encyclopedia of Economics. Economic growth occurs whenever people take resources and rearrange them in ways that are more valuable.
What is Sen’s choice of technique?
In other words, the various techniques differ with regard to capital-intensity which is generally measured by the magnitude of capital-labour (K/L) ratio. Thus, the higher the capital-intensity, the more quantity of capital as compared to labour will be used to produce a given level of output.
Who was Friedrich professor of economics?
Georg Friedrich List was a German-American economist who developed the “National System” of political economy. He was a forefather of the German historical school of economics, and argued for the German Customs Union from a Nationalist standpoint.