Ragnar Nurkse was born on 1907-10-05.

Ragnar Nurkse died on 1959-05-06.

Rainer Kattel has written:

'Ragnar Nurkse (1907-2007)' -- subject(s): Development economics, Congresses, Economics, Economic development, Finance

Nurkse believes disguised unemployment is more of a valuable resource than a problem because these extra workers can be transferred to another sector such as building infrastructure. He says the way to move workers is to tax until only the strongest survive and the weak will change sectors.

'A Country is poor because it is poor'

Example-low income-low demand-low investment in goods-low productivity-low income..

this the vicious circle of poverty..........