
Albert Otto Hirschman was an economist and the author of several books on political economy and political ideology. His first major contribution was in the area of development economics. Here he emphasized the need for unbalanced growth. He argued that disequilibria should be encouraged to stimulate growth and help mobilize resources, because developing countries are short of decision making skills. Key to this was encouraging industries with many linkages to other firms. His later work was in political economy and there he advanced two schemata. The first describes the three basic possible responses to decline in firms or polities (quitting, speaking up, staying quiet) in Exit, Voice, and Loyalty (1970). The second describes the basic arguments made by conservatives (perversity, futility and jeopardy) in The Rhetoric of Reaction (1991).

1967

Economics to Politics and Beyond
1981

Responses to Decline in Firms, Organizations, and States
1970

1969

perversidade, futilidade e risco
1997

1992

Private Interest and Public Action
1981

2013

Political Arguments for Capitalism before Its Triumph
1977

Perversity, Futility, Jeopardy
1991
Αντιδράσεις στην παρακμή επιχειρήσεων, οργανώσεων και κρατών
2002