Nurkse and the Role of Finance in Development Economics

Levy Economics Institute Working Paper Series

35 Pages Posted: 23 Nov 2007

See all articles by Jan A. Kregel

Jan A. Kregel

Bard College - The Levy Economics Institute

Date Written: November 19, 2007

Abstract

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

Kregel, Jan A., Nurkse and the Role of Finance in Development Economics (November 19, 2007). Levy Economics Institute Working Paper Series. Available at SSRN: https://ssrn.com/abstract=1031392 or http://dx.doi.org/10.2139/ssrn.1031392

Jan A. Kregel (Contact Author)

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504
United States
845-758-7700 (Phone)
845-758-1149 (Fax)

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