Alice H. Amsden

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Prizes in Economics

2002 - Leontief Prize for Advancing the Frontiers of Economic Thought

Alice Hoffenberg Amsden (June 27, 1943 – March 14, 2012) was a political economist and scholar of state-led economic development. For the last two decades of her career, she was the Barton L. Weller Professor of Political Economy at the Massachusetts Institute of Technology. Amsden was known best for her work on the developmental state, which argued that state-led industrialization was a viable alternative to the market-oriented industrialization of North America and Europe. Her scholarship focused on the catch-up of late-industrializing economies, particularly the "Asian Tigers." Amsden found their growth was accomplished through government intervention that established price control and import substitution policies, promoted organizational learning, and arranged "reciprocal control mechanisms" between states and private firms. Her work is viewed as a rebuttal of the Washington Consensus and neoclassical economic theories that sought to restrain state intervention in the developmental process. (Source: DBPedia)