Discussion
Match the following :
| Theory | Propounder |
|---|---|
| (a) Theory of stages of economic growth | (i) Arthur Lewis |
| (b) Theory of unlimited supplies of labour | (ii) W.W. Rostow |
| (c) The Big Push Theory | (iii) A.O. Hirschman |
| (d) Theory of unbalanced growth | (iv) Rosenstein Rodan |
Answer: C
The correct matching is a-ii, b-i, c-iv, d-iii.
- Stages of economic growth: W.W. Rostow (1960), from traditional society to the age of high mass consumption.
- Unlimited supplies of labour: Arthur Lewis (1954), the dual-economy model.
- The Big Push: Rosenstein-Rodan (1943), on industrialising Eastern Europe.
- Unbalanced growth: A.O. Hirschman (1958), The Strategy of Economic Development.
Each of the other options pairs at least one theory with the wrong economist, for example giving the Big Push to Lewis or the stages of growth to Rosenstein-Rodan.
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