Original article History of Economic Thought, Methodology, and Heterodox Approaches

FOUNDATIONS OF CONTEMPORARY ECONOMICS: ALBERT HIRSCHMAN ON ECONOMIC DEVELOPMENT THROUGH UNBALANCED GROWTH

Henrik Egbert - Anhalt University of Applied Sciences, Germany
Teodor Sedlarski - Sofia University St. Kliment Ohridski
Aleksandar B. Todorov - University of Economics – Varna
Received: 14 Sep 2025
Revised:
Published:
Downloads: 0
Citations: 0
Book 3/2025
JEL B31 O1 P11 O54
DOI https://doi.org/10.56497/etj2570302

Abstract

Albert Hirschman (1915–2012) was an economist known for his influential interdisciplinary social science models. In the 1950s, he developed the theory of unbalanced growth, which changed development theory. Hirschman argued that partial effects induced by targeted investments can have positive economic impacts on the development of national economies. In another behavioural model – exit and voice, he explains how dissatisfied individuals can react and how these reactions may affect the quality of output provided in both private and public goods. Hirschman's ideas have been incorporated into many concepts in the social sciences.

How to cite this article

Egbert, H., Sedlarski, T., Todorov, A. B. (2024). Osnovi na savremennata ikonomika: Albert Hirschman za ikonomicheskoto razvitie chrez nebalansiran rastezh (Foundations of Contemporary Economics: Albert Hirschman on Economic Development through Unbalanced Growth). Economic Thought Journal, 70 (3), 301-319 (in Bulgarian). https://doi.org/10.56497/etj2570302

How to publish

Are you an author? Please read our publishing terms first.

Learn