Nurkse and the Role of Finance in Development Economics
Levy Economics Institute Working Paper Series
35 Pages Posted: 23 Nov 2007
Date Written: November 19, 2007
Ragnar Nurkse was one the pioneers in development economics. This paper celebrates the hundredth anniversary of his birth with a critical retrospective of his overall contribution to the field, in particular his views on the importance of employment policy in mobilizing domestic resources and the difficulties surrounding the use of external resources to finance development. It also demonstrates the affinity between Nurkse's theory of mobilizing domestic resources and employer-of-last-resort proposals.
Keywords: Ragnar Nurkse; Development Economics; Employer of Last Resort
JEL Classification: B31, O11, O14, O16, O23
Suggested Citation: Suggested Citation