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“Looking at the Other Side of the Coin”: Allyn Young and the Early Development Theory

Published online by Cambridge University Press:  11 June 2009

Maiju Perälä
Maiju Perälä
Affiliation:
“75 Years of Development Research,” at Cornell University: [email protected].
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Extract

This paper investigates the influence of Allyn Abbott Young's theoretical work on the groundbreaking contributions of early development theorists, Paul Rosenstein-Rodan and Ragnar Nurkse. The work of Allyn Young had a significant impact on early development theory as the above-mentioned pioneers of development economics built substantial portions of their theories—the “big push” and “vicious circle and balanced growth,” respectively—on the dynamic external economies, an integral part of the vision of self-sustaining growth, as described in Young (1928).

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 28 , Issue 4 , December 2006 , pp. 461 - 488
Copyright
Copyright © The History of Economics Society 2006

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