Routledge Dictionary of Economics, Second Edition
Rostow, Walt Whitman, 1916- (B3)
US economic historian and development economist, educated at Yale and Oxford, where he was a Rhodes Scholar. He has been professor of economic history at the Massachusetts Institute of Technology since 1951 apart from an interlude at the University of Texas in 1961–9.
His celebrated non-Marxian account of the process of industrialization in The Stages of Economic Growth (1960) was further developed in several works, including The Economics of Take-off into Sustained Growth (1963), The World Economy: History and Prospect (1978) and Why the Poor Get Richer and the Rich Slow Down (1980). His NEOCLASSICAL approach to economic history was to inspire much of the later econometric analysis of long time series.
See also: industrial revolution; stages theory; take-off
References
Rostow, W.W. (1971) The Stages of Economic Growth: A Neo-communist Manifesto, 2nd edn, Cambridge: Cambridge University Press.
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