The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Balassa, Béla (1928–1991)

  • Jaime de Melo
  • Carl F. Christ
Reference work entry


Béla Balassa, holding degrees in law and economics, left his native Hungary when the Soviet tanks put down the 1956 revolution. In 1959 he received his Ph.D. in economics from Yale. From 1966 until his death in 1991 he was professor of economics at Johns Hopkins and a consultant to the World Bank. Influenced by events in his youth, Béla held a deep lifelong belief in political and economic freedom.


Balassa, B. Bhagwati, J. Chenery, H. Christ, C. Effective rate of protection Exchange rate regimes Import substitution INSTITUTE for International Economics International trade Fischer, S. Johns Hopkins University Krueger, A. Melo, J. de Noland, M. Protection Purchasing power parity Revealed comparative advantage Summers, L. Structural adjustment lending Tariffs World Bank 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jaime de Melo
    • 1
  • Carl F. Christ
    • 1
  1. 1.