Kurt Mandelbaum (1904 – 1995) was an economist well known for his pioneering contribution in the field of the economics of development. Year 1904 ( MCMIV) was a Leap year starting on Friday (link will display calendar of the Gregorian calendar (or a Leap year starting on Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 [1]
Kurt Mandelbaum (also known as Kurt Martin) was one of a group of emigre economists from Central Europe who played a large role in founding the discipline of development economics in the UK, during and shortly after World War II. Development economics is a branch of Economics which deals with economic aspects of the development process in low-income countries. In general these economists doubted the usefulness of neoclassical economics with its presumptions of smoothly operating markets and saw the role of the state as being key to the development process. The industrialization debates in the USSR in the 1920s were their starting point. In his youth Mandelbaum was involved with leftist politics and had several years at the Frankfurt School for Social Research. The Frankfurt School is a school of neo-Marxist Critical theory, Social research, and Philosophy. During the war worked with allied intelligence and subsequently joined the Oxford Institute of Statistics. Whilst at Oxford he undertook his study of the problems of recovery in S. E. Europe[2]. This small book which was to become one of core texts for the new discipline, stressed
- the need to mobilize savings,
- the need for infrastructure,
- the extent of disguised rural unemployment,
- the need for caculating inter-industry caculations (anticipating the use of input-output analysis). The Input-output model of economics uses a matrix representation of a nation's (or a region's economy to predict the effect of changes in one industry on others and by
In 1950 he moved to Manchester and with his collegue W. Arthur Lewis helped establish the Department of Economics at the University of Manchester as a major centre in Development Economics research and teaching. Sir William Arthur Lewis ( January 23, 1915 June 15, 1991) was a Saint Lucian economist well known for his contributions in the field After retiring from Manchester he worked for a further seventeen years at the Institute of Social Studies at The Hague. The Institute of Social Studies ( ISS) is an international institute of higher education on social and economic change with a focus on development processes [3]
References
- ^ Bardhan, Pranab K. and Christopher Udry (2000) Development Microeconomics, Oxford
- ^ (1945) The Industrialization of Backward Areas
- ^ Leeson, P. Obituary in the Manchester School Vol. LXIV No. 1, pp. 112-13.
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