Albert Hirschman

Albert O. Hirschman (1915–2012) was an influential economist and social scientist who served on the faculty of the School of Social Science at the Institute for Advanced Study in Princeton from 1974 until his death. He is best known for his work across development economics, political economy, and political ideology, including the concepts of unbalanced growth and the exit, voice, and loyalty model. His writings explored the relationships between economic development, political democracy, and the self-undermining tendencies of capitalism, tracing how interests and passions interact across social and institutional life.