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Albert O. Hirschman

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Albert O. Hirschman or Albert Otto Hirschman is an influential liberal economist who has authored several books on political economy and political ideology. Among his most important contributions were two simple but intellectually powerful schemata. The first describes the three basic possible responses to decline in firms or polities: loyalty, voice and exit. The second describes the basic arguments made by conservatives: perversity, futility and jeopardy.

Hirschman was born in Berlin, Germany on April 7, 1915, the son of Carl and Hedwig Marcuse Hirschman. He was educated at the Sorbonne, the London School of Economics and the University of Trieste, from which he received his doctorate in economics in 1938. A Rockefeller Fellow at the University of California, Berkeley (1941-1943), he served in the United States Army (1943-1946), was appointed Chief of the Western European and British Commonwealth Section of the Federal Reserve Board (1946-1952), served as a financial advisor to the National Planning Board of Colombia (1952-1954) and then became a private economic counselor in Bogota (1954-1956). Following that he held a succession of academic appointments in economics at Yale University (1956-1958), Columbia University (1958-1964), Harvard University(1964-1974) and the Institute for Advanced Study (1974- ).



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This page was last modified 23:50, 11 January 2011 by dKosopedia user Historian. Based on work by dKosopedia user(s) BartFraden and Allamakee Democrat. Content is available under the terms of the GNU Free Documentation License.

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