Albert Hirschman

Albert Otto Hirschman was a renowned economist and social scientist known for his contributions to development economics and his work on the interplay between economics and politics.

Books

This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.

  1. 1. Exit, Voice, And Loyalty

    Cover of 'Exit, Voice, And Loyalty' by Albert Hirschman

    This book presents a framework for analyzing the responses of individuals to declining performance in firms, organizations, and states. When faced with a situation where the quality of a product or the performance of an organization deteriorates, individuals have the option to exit (withdraw from the relationship), voice (attempt to improve the situation through communication or protest), or remain loyal (continue their support despite the decline). The interplay between these options is explored to understand how they can either help to bring about reform and improvement, or lead to a further decline in performance. The work delves into the dynamics of how and why stakeholders choose between these strategies, and the implications of their choices for the health and stability of an organization or state.

    The 3285th Greatest Book of All Time