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Albert O. Hirschman

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Also known as Albert Otto Hirschman, Albert Hermant

German-American economist; member of the French Resistance

Person · Open Library

Works
37

Top works

  • Soviet bloc-Latin American economic relations and United States policy
  • 經濟發展策略
  • Die Strategie der wirtschaftlichen Entwicklung
  • Ideology
  • 開発計画の診断

via Open Library + Wikidata

Music · MusicBrainz

Type
Person
Country
US

via MusicBrainz · CC0

Quotes

  • At this point, then, a junction is effected between the previously developed train of thought on countervailing passions and the doctrine of interest. Both doctrines originated in Machiavelli; yet the final outcome—the promotion of avarice to the position of the privileged passion given the job of taming the wild ones and of making in this fashion a crucial contribution to statecraft—would have greatly surprised and outraged him.
  • The welfare state may thus face a wave of hostile public opinion and as a result may well pass through a difficult phase, with the need for consolidation and even retrenchment. However, if the reasons suggested here for the change in the climate of opinion are correct, the trouble could be temporary.
  • A taste is almost defined as a preference about which you do not argue — de gustibus non est disputandum. A taste about which you argue, with others or yourself, ceases ipso facto being a taste – it turns into a value.
  • Exit and voice, that is, market and non­ market forces, that is, economic and political mechanisms, have been introduced as two principal actors of strictly equal rank and importance.

via Wikiquote · CC BY-SA

Key facts

Born
( 1915-04-07 ) April 7, 1915, Berlin , German Empire
Died
December 10, 2012 (2012-12-10) (aged 97), Ewing Township, New Jersey , United States
Alma mater
University of Berlin (transferred, 1933) HEC Paris ( diploma , 1935) London School of Economics (fellowship, 1935–1936) University of Trieste ( laurea , 1938) University of California, Berkeley (fellowship, 1941–1942)
Discipline
Political economy
Institutions
Federal Reserve Board (1946–1951) World Bank (1952–1954) Yale University (1956–1958) Columbia University (1958–1964) Harvard University (1964–1974) Institute for Advanced Study (1974–2012)
Notable ideas
Strategy of unbalanced growth Hiding hand principle Exit, voice, and loyalty model Hirschman cycle
Website
Information at IDEAS / RePEc

via Wikipedia infobox

~28 min read

Encyclopedic overview

Albert Otto Hirschman (born Otto Albert Hirschmann; April 7, 1915 – December 10, 2012) was an American economist. He was the author of several influential books on development economics, political economy, and political ideology including The Strategy of Economic Development (1958), Exit, Voice, and Loyalty (1970), The Passions and the Interests (1977), and The Rhetoric of Reaction (1991). He was a founding figure in the School of Social Science at the Institute for Advanced Study and an influential economic advisor to Latin American leaders. In World War II, he played a key role in rescuing refugees from occupied France with the Emergency Rescue Committee.

Early life and education

Excerpted from Wikipedia’s “Albert O. Hirschman” article, available under the CC BY-SA 4.0 licence.