Albert O. Hirschman Quotes

Albert Otto Hirschman was an economist and the author of several books on political economy and political ideology. His first major contribution was in the area of development economics. Here he emphasized the need for unbalanced growth. Because developing countries are short of decision making skills, he argued that disequilibria should be encouraged to stimulate growth and help mobilize resources. Key to this was encouraging industries with many linkages to other firms.

His later work was in political economy and there he advanced two schemata. The first describes the three basic possible responses to decline in firms or polities in Exit, Voice, and Loyalty . The second describes the basic arguments made by conservatives in The Rhetoric of Reaction .

In World War II, he played a key role in rescuing refugees in occupied France. Wikipedia  

✵ 7. April 1915 – 10. December 2012   •   Other names אלברט הירשמן, Алберт Хиршман
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Works

The Rhetoric of Reaction
The Rhetoric of Reaction
Albert O. Hirschman
Albert O. Hirschman: 6   quotes 0   likes

Famous Albert O. Hirschman Quotes

“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.
Rival Views of Market Society and Other Recent Essays (1992), Ch. 6. Against Parsimony.

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