The economic history of the last half century offers two ca… - Bertil Ohlin

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The economic history of the last half century offers two cases of serious international depressions in countries with an essential orientation towards a market economy: In the first half of the 1930ies and in the middle of the 1970ies. With some simplification one can say that in the former case recovery started after a few years without the aid of much conscious expansionist policy.

Bertil Ohlin

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About Bertil Ohlin

Bertil Gotthard Ohlin (23 April 1899 – 3 August 1979) was a Swedish economist and politician, who together with developed one of the standard mathematical model of international free trade, the . He was jointly awarded the Nobel Memorial Prize in Economic Sciences in 1977 together with the British economist James Meade "for their pathbreaking contribution to the theory of international trade and international capital movements".

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Alternative Names: Bertil Gotthard Ohlin

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Paul Krugman Paul Samuelson Joseph E. Stiglitz James Meade Eric Roll, Baron Roll of Ipsden

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The economic history of the last half century offers two cases of serious international depressions in countries with an essential orientation toward… - Bertil Ohlin

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