Paul N. Rosenstein-Rodan, 1902-

The Polish-born Paul Rosenstein-Rodan was trained in the Austrian tradition at Vienna. His early contributions to economics were in pure economic theory - on marginal utility, complementarity, hierarchical structures of wants and the ever-Austrian issue of time. Rosenstein-Rodan emigrated to Britain in 1930, and taught at UCL and then at the L.S.E. until 1947. He then moved to the World Bank, before moving on to M.I.T., where was a professor from 1953 to 1968. He subsequently moved to Texas and Boston University.

Rosenstein-Rodan's famous 1943 article argued that industrialization could be regarded as the "initiator" of economic development. His thesis, based on Young's famous 1928 paper, argued that given increasing returns to scale, government-induced industrialization was possible. Credited with having "initiated" the theory of economic development, Rosenstein- Rodan's future work exhibited his continued concern with this issue.

Major Works of Paul N. Rosenstein-Rodan

• "Marginal Utility", 1927, Handworterbuch der Staatswissenschaften
• "Das Zeitmoment in der Mathematischen Theorie des Wirschaftlichen Gleichgewichtes", 1929, ZfN
• "La Complementarieta: Prima delle tre etappe del pogresso della Teoria Economica Pura", 1933, La Riforma Social
• "The Role of Time in Economic Theory", 1934, Economica
• "A Coordination of the Theories of Money and Price", 1936, Economica
• "Problems of Industrialization of Eastern and South- Eastern Europe", 1943, EJ
• "The International Development of Economically Backward Areas", 1944, International Affairs
• Disguised Underemployment and Under-employment in Agriculture, 1956.
• "International Aid for Underdeveloped Countries", 1961, REStat
• "Notes on the Theory of the Big Push", 1961, in Ellis, editor, Economic Development for Latin America
• "Criteria for Evaluation of National Development Effort", 1969, J Development Planning
• The New International Economic Order, 1981.

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