Albert O. Hirschman Quotes

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Exit and voice, that is, market and non market forces, that is, economic and political mechanisms, have been introduced as two principal actors of strictly equal rank and importance.

Albert O. Hirschman

The welfare state may thus face a wave of hostile public opinion and as a result may well pass through a difficult phase, with the need for consolidation and even retrenchment. However, if the reasons suggested here for the change in the climate of opinion are correct, the trouble could be temporary.

Albert O. Hirschman

At this point, then, a junction is effected between the previously developed train of thought on countervailing passions and the doctrine of interest. Both doctrines originated in Machiavelli; yet the final outcome—the promotion of avarice to the position of the privileged passion given the job of taming the wild ones and of making in this fashion a crucial contribution to statecraft—would have greatly surprised and outraged him.

Albert O. Hirschman

Albert O. Hirschman

Albert O. Hirschman

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Born: April 7, 1915

Died: December 10, 2012 (aged 97)

Bio: Albert Otto Hirschman was an influential 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.

Known for:

Exit, Voice, and Loyalty (1970)
The Rhetoric of Reaction (1991)
Development projects observed (1967)
A propensity to self-subversion (1995)

Albert O. Hirschman on Wikipedia

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