Paul Narcyz Rosenstein-Rodan
(1902 – 1985) was an Austrian economist
born in Kraków
, who was trained in the Austrian
tradition under Hans Mayer
. His early contributions to economics
were in pure economic theory — on marginal utility
, complementarity, hierarchical structures of wants and the pervasive Austrian School issue of time.
Rosenstein-Rodan emigrated to Britain
in 1930, and taught at University College London
and then at LSE
until 1947. He then moved to the World Bank
, before moving on to MIT
, where he was a professor from 1953 to 1968.
He is the author of the 1943 article "Problems of Industrialisation of Eastern and South-Eastern Europe" - origin of the “Big Push Model
” theory - in which he argued for planned large-scale investment programmes in industrialisation in countries with a large surplus workforce in agriculture, in order to take advantage of network effects, viz economies of scale and scope, to escape the low level equilibrium "trap". He thus developed a theme laid out by Allyn Young
in his 1928 article "Increasing Returns and Economic Progress", in which the latter himself expanded a theme formulated by Adam Smith in 1776.
- “Grenznutzen”, Handworterbuch der Staatswissenschaften v 4 (1927), p 1190-223.
- “Das Zeitmoment in der Mathematischen Theorie des Wirschaftlichen Gleichgewichtes”, Zeitschrift für Nationalökonomie v1 (1929) #1, p 129-42.
- “La Complementarieta: Prima delle tre etappe......