Arthur Lewis
1915 - 1991
5
Quotes
Biography
Sir William Arthur Lewis (1915-1991) was a Saint Lucian economist known for his pioneering work in economic development. In 1979, he was awarded the Nobel Memorial Prize in Economic Sciences for his research on economic development with particular consideration of the problems of developing countries. Lewis made significant contributions to development economics, focusing on the dual sector model of economic development, which highlights the importance of the agricultural sector in advancing industrialization and promoting growth in developing nations.
Famous Quotes (5)
1
The embodiment of knowledge... is in the capability of the mind in performing the creative functions of abstract logical reasoning and intuitive reasoning.
2
The central characteristic of economics is that it is a system of thought dealing with the allocation of scarce resources among competing ends.
3
Economic independence is the foundation of the only sort of freedom worth a damn.
4
To create wealth is to create invisible resources.
5
Development strategies are like recipes: the best do not guarantee success, but it is difficult to succeed without them.