Amartya Sen / India, Ethiopia, Bangladesh / 1981

Famines are often the result of institutional failures, rather than scarcity.

D. Mazumdar / 1959

The wage rate will equal the marginal product of labor in both scenarios of traditional, "open" unemployment and "disguised" unemployment. Disguised unemployment is described as the situation, often found in developing country agricultural sectors, where, although the entire labor force is employed, the supply of labor hours exceeds the demand for hours).

Alfred Marshall / Global / 1890

An early economics and political economy textbook.