Ragnar Nurkse, 1907-1959

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Followed up on Rostenstein- Rodan's thesis and anticipated much of the Lewis doctrine in stressing the role of savings and capital-formation in economic development. Early expounder of the "balanced growth" doctrine.

Major Works of Ragnar Nurkse

• "The Schematic Representation of the Structure of Production", 1934, RES
• Conditions of International Monetary Equilibrium, 1945.
• Problems of Capital-Formation in Underdeveloped Countries, 1953.
• Patterns of Trade and Development, 1959.
• Equilibrium and Growth in the World Economy, 1961.