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Ohlin, Bertil, 1899-1979 (B3)<br />Swedish international trade and macroeconomic theorist and a leader of the STOCKHOLM SCHOOL, who was educated at Lund University, the Stockholm School of Business Administration, Harvard University and at the University of Stockholm where he was a doctoral student of CASSEL He was a professor of economics from 1925 to 1930 at Copenhagen and at Stockholm from 1930 to 1965 (as successor to HECKSCHER). In a parallel political career, he was a member of the Swedish parliament (1938-70), leader of the Swedish Liberal Party (1944-67) and Minister of Trade (1944-45).<br /> As a member of the STOCKHOLM SCHOOL, he in many ways anticipated KEYNESIAN ideas by using the concepts of the PROPENsiTY TO CONSUME, LIQUIDITY PREFERENCE and the MULTIPLIER in articles of 1933 and 1934. In times of excess capacity, he argued (in 1934) that the government should undertake investment projects that would not compete with the private sector and would be deficit financed. He developed Heckscher's factor price equalization theory of international trade to produce the HECKSCHER OHLIN TRADE THEOREM. His most famous work is Interregional and International Trade (1933). His contribution to international trade theory earned him, with MEADE, the NOBEL PRlZE FOR ECONOMICS in 1977.<br /><em>Reference</em><br />Samuelson, P.A. (1981) 'Berti! Ohlin (1899-1979)', Scandinavian Journal of Economics 83: 355-71.<br /> Steiger, 0. (1976) 'Berti! Ohlin and the origins of the Keynesian Revolution', History of Political Economy 8: 341-66.

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